Consumer >> CEO Interviews >> September 30, 2016
Richard A. Galanti, 60, is Executive Vice President, CFO and Director of Costco Wholesale Corporation. He joined Costco Wholesale Corporation in March 1984 as Vice President, Finance; became Senior Vice President and Chief Financial Officer of Costco in January 1985; and in 1993, Executive Vice President and Chief Financial Officer. 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 MBA 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 is currently serving a three-year term 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. Profile
TWST: Costco was the first company to ever grow from zero to $3 billion in under six years. What enabled that fast growth?
Mr. Galanti: This was back in the early