Costco Wholesale Corporation Announces Nomination of Gina Raimondo to Board of Directors

Costco Wholesale Corporation (Nasdaq: COST) announced on December 4, 2025 the nomination of Secretary Gina Raimondo to its Board of Directors.

Rhea-AI Summary

Costco Wholesale Corporation (Nasdaq: COST) announced on December 4, 2025 the nomination of Secretary Gina Raimondo to its Board of Directors.

Raimondo served as U.S. Secretary of Commerce from 2021 to 2025, was Governor of Rhode Island from 2015 to 2021, entered politics as state treasurer in 2010, previously worked in venture capital, and is a distinguished fellow at the Council on Foreign Relations. Chairman Hamilton James said Raimondo's experience in global business, politics, and international security will add to the board's expertise.

Costco currently operates 921 warehouses worldwide, including 633 in the U.S. and Puerto Rico and locations across Canada, Mexico, Japan, the U.K., Korea, Australia, Taiwan, China, Spain, France, Sweden, Iceland, and New Zealand, and maintains e-commerce sites in multiple markets.

Argus Dec 5 session

-0.13% close to close Open Argus

Details

News Market Reaction – COST

On Dec 5, the first trading day after this news, COST closed 0.13% below the previous close.

Data tracked by StockTitan Argus for the Dec 5 session.

Market Context

This announcement highlights Costco’s decision to nominate Gina Raimondo, a former U.S. Secretary of...

Analysis

This announcement highlights Costco’s decision to nominate Gina Raimondo, a former U.S. Secretary of Commerce and governor, to its board of directors. The company underscores her global business and policy experience alongside a large operating footprint of 921 warehouses and multiple e‑commerce platforms. In context, investors may watch how this addition influences strategic direction, international growth oversight, and board-level decision-making alongside ongoing sales and margin updates.

Key Figures

Total warehouses: 921 warehouses U.S. & Puerto Rico warehouses: 633 warehouses Canada warehouses: 112 warehouses +5 more

Total warehouses

921 warehouses

Global operating footprint as stated in release

U.S. & Puerto Rico warehouses

633 warehouses

U.S. and Puerto Rico locations

Canada warehouses

112 warehouses

Canadian locations

Mexico warehouses

42 warehouses

Mexican locations

Japan warehouses

37 warehouses

Japanese locations

United Kingdom warehouses

29 warehouses

U.K. locations

Korea warehouses

20 warehouses

Korean locations

Australia warehouses

15 warehouses

Australian locations

Historical Context

5 past events · Latest: Dec 04

5 events

1. Dec 04

   Board nomination

   24h Move

   +0.1%

   Nomination of Gina Raimondo to strengthen board experience and oversight.

2. Dec 03

   Monthly sales

   24h Move

   -3.0%

   Strong November sales growth and comps but shares fell after the release.

3. Nov 05

   Monthly sales

   24h Move

   -1.2%

   October sales and comps grew solidly, yet stock declined afterward.

4. Oct 15

   Quarterly dividend

   24h Move

   -3.1%

   Announcement of a cash dividend of $1.30 per share preceded a drop.

5. Oct 08

   Monthly sales

   24h Move

   +3.1%

   September sales and digital growth were strong and shares rose in response.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

venture capital, e-commerce

2 terms

venture capital financial

"Prior to entering politics Secretary Raimondo worked in venture capital."

Venture capital is money provided by specialized investors to young, high-growth companies in exchange for ownership stakes and often a role in shaping strategy — like planting seeds and helping them grow into trees. It matters to investors because venture funding can rapidly boost a startup’s resources, valuation and chances of success, but it also brings high risk and limited liquidity, affecting future returns and how shares behave at exits such as sales or public offerings.

e-commerce technical

"We also operate e-commerce sites in the U.S., Canada, the U.K., Mexico..."

E-commerce is the buying and selling of goods or services over the internet. It allows people to shop from anywhere at any time, much like an online marketplace. For investors, e-commerce is important because it represents a growing way businesses reach customers, often leading to increased sales and new opportunities in the digital economy.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ISSAQUAH, Wash., Dec. 04, 2025 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced the nomination for election to its Board of Directors of Secretary Gina Raimondo. Raimondo was the 40th Secretary of Commerce, from 2021 to 2025, and Governor of Rhode Island from 2015 to 2021. She entered politics in 2010, when she was elected Treasurer of the State of Rhode Island. Prior to entering politics Secretary Raimondo worked in venture capital. She is also a distinguished fellow at the Council on Foreign Relations.

Hamilton (Tony) James, Chairman of the Board, stated: “We are very pleased to nominate Secretary Raimondo for election to our Board. Her vast experience in global business, politics and international security at the highest level will add an important dimension to our current expertise. We look forward to her contributions.”

Costco currently operates 921 warehouses, including 633 in the United States and Puerto Rico, 112 in Canada, 42 in Mexico, 37 in Japan, 29 in the United Kingdom, 20 in Korea, 15 in Australia, 14 in Taiwan, seven in China, five in Spain, three in France, two in Sweden, and one each in Iceland, and New Zealand. We also operate e-commerce sites in the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan, and Australia.

CONTACTS:

Costco Wholesale Corporation Josh Dahmen, 425/313-8254 Andrew Yoon, 425/313-6305

COST-Comp

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who was nominated to the Costco (COST) board on December 4, 2025?

Costco nominated Secretary Gina Raimondo for election to its Board of Directors on December 4, 2025.

What public roles has Gina Raimondo held before joining the COST board nomination?

Raimondo served as U.S. Secretary of Commerce (2021–2025), Governor of Rhode Island (2015–2021), and state treasurer (from 2010), and previously worked in venture capital.

How many warehouses does Costco (COST) operate after the December 4, 2025 announcement?

Costco operates 921 warehouses worldwide, including 633 in the U.S. and Puerto Rico, as stated in the announcement.

What expertise did Costco say Gina Raimondo will bring to the board (COST)?

Costco said Raimondo brings experience in global business, politics, and international security, which will add to the board's expertise.

Will Gina Raimondo immediately join the Costco (COST) board following the December 4, 2025 nomination?

The announcement states Raimondo was nominated for election to the board; it does not state an immediate appointment or election result.