Richard Galanti joined Costco Wholesale Corporation in March 1984 as Vice President, Finance and became Senior Vice President and Chief Financial Officer of Costco in January 1985. Subsequent to the merger of The Price Company and Costco in October 1993, Mr. Galanti became Executive Vice President and Chief Financial Officer, a position he continues to hold today. In January 1995, Mr. Galanti also became a Director of the Company. From 1978 to February 1984, Mr. Galanti was in investment banking with Donaldson, Lufkin & Jenrette Securities Corporation, New York. During his tenure at Donaldson, Lufkin & Jenrette, Mr. Galanti provided a variety of financial- related services to both public and private corporate clients.

Mr. Galanti received his M.B.A. from the Stanford University Graduate School of Business in 1982, and his B.S. in Economics from The Wharton School, University of Pennsylvania in 1978. Mr. Galanti previously served on the Board of the Federal Reserve Bank of San Francisco, and has been on the Foster School of Business Executive Education Advisory Board since 2000.