Pierre Riel

Executive Vice President & Chief Operating Officer of International Division, Costco

Search every verified Pierre Riel interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. On February 13, 2024, Pierre Riel, Executive Vice President and Chief Operating Officer of Costco's International Division, testified before a House of Commons committee examining food prices in Canada. Riel stated that Costco generally supports the idea of a grocer's code of conduct, provided it includes participation from all industry stakeholders, including vendors, grocers, and multinational corporations. He suggested that legislating cross-industry involvement could be a positive step, though he noted uncertainty about how disputes would be resolved and which parties would participate. Riel also identified other areas where Canada could improve to help lower food costs, including increasing domestic food production to reduce reliance on imports and addressing supply chain issues, specifically mentioning rail and port infrastructure. He said he expects prices to continue increasing, particularly as supplier costs rise, which will eventually be passed on to consumers.