Costco Picks Longtime Insider to Succeed Longtime CEO

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Costco Picks Longtime Insider to Succeed Longtime CEO
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Ron Vachris, who started out driving forklifts some 40 years ago, will take over in January

Updated Oct. 18, 2023 5:35 pm ETThe wholesale retailer said current CEO Craig Jelinek, who has served in the role since 2012, would step down.Costco 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.Continue reading your article with

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Costco taps operation chief Vachris as next CEOCostco taps operation chief Vachris as next CEOCostco taps operation chief Vachris as next CEO
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Costco taps 40-year veteran Ron Vachris as new CEOCostco taps 40-year veteran Ron Vachris as new CEOMove is ‘the culmination of the long-standing succession plan,’ company says
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Costco CEO Craig Jelinek to Step Down.Costco CEO Craig Jelinek to Step Down.COO Ron Vachris will succeed Jelinek starting Jan. 1.
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