Summary by Moomoo AI
Costco Wholesale Corporation, a leading international chain of membership warehouses, announced an update to its corporate governance structure. The company filed an amendment to its Current Report on Form 8-K with the United States Securities and Exchange Commission. The amendment, dated January 22, 2024, details the appointment of Helena Buonanno Foulkes to Costco's Board of Directors, effective August 16, 2023. Initially, upon her election, Ms. Foulkes was not assigned to any board committees. However, on January 18, 2024, the Board appointed her to serve on both the Audit Committee and the Nominating and Governance Committee. This strategic move is expected to leverage Ms. Foulkes' expertise to enhance the company's oversight and governance practices.