The wholesale retailer said current CEO Craig Jelinek, who has served in the role since 2012, would step down.
Photo: Bing Guan/Bloomberg NewsCostco Wholesale said longtime Chief Executive Craig Jelinek will step down after the holidays and hand over the role to his top deputy, who has also spent decades working at the warehouse retailing giant.
Ron Vachris, 58, the company’s president and chief operating officer, will take over in January, becoming just the second person to hold the Costco CEO job since the company’s co-founders.
Persons:
Craig Jelinek, Bing Guan, Ron Vachris
Organizations:
Bloomberg, Costco Wholesale, Costco