Costco announces retirement of COO Russ Miller; Caton Frates named successor effective Feb 2026

COSTCO WHOLESALE CORP /NEW

Russ Miller, Senior EVP, COO – U.S. and Mexico Operations, will retire effective February 2026.
Caton Frates, EVP, COO Southwest Division, appointed Senior EVP, Warehouse Operations – U.S. and Mexico, effective February 2026.
Succession plan is with a named internal replacement; no immediate operational change expected.

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