ISSAQUAH, Wash. — Craig Jelinek stepped down from his position as chief executive officer at Costco Wholesale Corp. on January 1 after leading the company for 12 years. Only the second CEO in the history of the company, which opened its first membership warehouse club in September 1983 and celebrated its 40th anniversary in 2023,
Unlike most mass retailers, whose gyrations, machinations, new directions, false starts and management changes routinely make news, you seldom read or hear about Costco, the legendary “club” retailer. Indeed, the only time the Seattle-based retailer makes news is in announcing quarterly earnings reports, new clubs, new markets and the occasional management change. Among the recent
ISSAQUAH, Wash. — Costco Wholesale Corp. chief executive officer Craig Jelinek intends to step down from that role, effective January 1, 2024. The Board of Directors has elected Ron Vachris, who has served as president and chief operating officer since February 2022, to succeed Jelinek as CEO, while continuing to serve as president. The company
ISSAQUAH, Wash. — Costco Wholesale Corp. has tapped Claudine Adamo to serve as executive vice president and COO for merchandising. Adamo, who most recently served as senior vice president of nonfoods merchandising, succeeds Ron Vachris, who was recently promoted to president and chief operating officer. Craig Jelinek, who had previously held the title of president,
ISSAQUAH, Wash. — Costco Wholesale Corp. has named Ron Vachris president and chief operating officer. Vachris, 56, previously served as executive vice president and chief operating officer of merchandising, a position he was named to in June 2016. Vachris succeeds Craig Jelinek in the role of president, while Jelinek remains chief executive officer and a
ISSAQUAH, Wash. — Costco Wholesale Corp. has named Ron Vachris president and chief operating officer. Vachris, 56, previously served as executive vice president and chief operating officer, merchandising, a position he was named to in June 2016. Vachris succeeds Craig Jelinek in role of president, while Jelinek remains chief executive officer and a member of the
ISSAQUAH, Wash. — Costco Wholesale Corp. has acquired Innovel Solutions, a logistics firm specializing in last-mile delivery and installation services, for $1 billion. The move is seen as helping Costco support online sales of such products as furniture, large appliances, fitness equipment and big-screen televisions. Innovel has for decades provided Sears and, more recently, third