Today news
About the same in other media
Costco's CEO will step down in January and hand the reins to the retailer's current president
Reading now: 608
Costco says CEO W
ISSAQUAH, Wash. — Costco announced Wednesday that CEO W. Craig Jelinek will step down in January. He’ll be succeeded by the company’s president, Ron Vachris, who has been with Costco for more than 40 years.
Jelinek has been CEO of the members-only warehouse chain since 2012, when he took over from Costco co-founder James Sinegal.
Vachris started with Costco as a forklift driver and worked his way into management. The company based in Issaquah, Washington, said he has served in every major role related to Costco business operations and merchandising.
Jelinek will remain with the company through April in an advisory role and will continue as a member of Costco’s board.
24/7 coverage of breaking news and live events
Read more on abcnews.go.comAbout this in other media
Schumer and other Senate Democrats call for a federal probe of huge oil deals by Exxon and Chevron abcnews.go.com /1 year ago
Coinbase’s Stand With Crypto Advocacy Group Raises $2M In Two Months cryptonews.com /1 year ago
Google CEO defends paying Apple and others to make Google the default search engine on devices abcnews.go.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
