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Longtime Costco chief executive Craig Jelinek will step down at the end of the year, ... Jelinek, 71, has been Costco’s CEO since 2012, taking over for one of Costco’s co-founders. The company ...
Costco Wholesale has announced that longtime CEO Craig Jelinek will step down from his position at the beginning of 2024, handling the reins to current COO Ron Vachris, who has spent decades ...
In 2023, Jelinek's total compensation from Costco was $16.9 million, or 336 times the median employee pay at Costco for that year. [15] Jelinek announced in October 2023 that he would step down as Costco CEO at the end of the year; Ron Vachris replaced Jelinek as the chief operating officer and president in January 2024.
‘Our Board has considered this proposal and believes that our commitment to an enterprise rooted in respect and inclusion is appropriate and necessary,’ Costco stated
From 1983 until his retirement in 2011, Sinegal served as Costco's president and CEO. [1] As CEO, Sinegal was well known for traveling to each Costco location every year to inspect it personally. Sinegal's innovations made Costco the first "warehouse club" to include fresh food, eye-care clinics, pharmacies, and gas stations in its mix of goods ...
Working for Costco for as many years as the goods store has been around—41 years—Vachris has climbed the ranks from the inside. He’s inherited an empire built upon hot dogs perennially ...
Costco's new CEO received a total compensation package worth $12.2 million this year. Vachris started his career as a forklift driver over 40 years ago, and became CEO in January.
Announcements made late Wednesday and early Thursday revealed that three large companies -- Wendy's (WEN), Costco (COST), and Bank of New York Mellon (BK) -- are losing their CEOs. Roland Smith ...