Costco Wholesale Corporation Announces New Board Members.Business Editors ISSAQUAH, Wash.--(BUSINESS WIRE)--Jan. 31, 2003 Costco Wholesale Corporation (Nasdaq: COST) today announced the election of two new members to its board of directors: Daniel J. Evans Daniel Jackson Evans (born October 16 1925) served three terms as governor of the state of Washington from 1965 to 1977, and represented the state in the United States Senate from 1983 to 1989. and William H. Gates, Sr. Mr. Evans is the Chairman of Daniel J. Evans Associates, a consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a . He was previously United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Senator from the State of Washington and a three-term Governor of the State. Mr. Gates is the CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Co-Chair of the Bill and Melinda Gates Foundation Bill and Melinda Gates Foundation, philanthropic institution founded in 1994 by Microsoft chairman Bill Gates and his wife, Melinda, to improve the lives of the poor throughout the world, primarily through grants for projects relating to global health care, . He was previously a senior partner with the law firm of Preston Gates & Ellis. Both men currently serve on the Board of Regents An independent governing body that oversees a state's public Colleges and Universities. All 50 states have governing bodies that oversee the administration of public education. of the University of Washington. Jeff Brotman, Chairman of the Board, stated: "The Board and the Company are very fortunate to have Mr. Evans and Mr. Gates serve as directors. The distinguished careers of these gentlemen in public and private service give them unique insights that will benefit the Company." Costco currently operates 412 warehouses, including 304 in the United States and Puerto Rico, 61 in Canada, 15 in the United Kingdom, five in Korea, three in Taiwan, three in Japan and 21 in Mexico. The Company also operates Costco Online, an electronic commerce web site, at www.costco.com. The Company plans to open an additional 12 to 14 new warehouses, including the relocation of 4 warehouses to larger and better-located facilities, prior to the end of its fiscal year 2003, on August 31, 2003. |
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