Costco Wholesale Corporation announced Wednesday that Craig Jelinek will step down as Chief Executive Officer, effective Jan. 1, 2024.
The company’s board of directors has elected Ron Vachris, president and chief operating officer since February 2022, as the new president and chief executive officer, effective on the same day Jelinek will step down.
Vachris has worked for the company for over 40 years, starting as a forklift driver, and subsequently serving in every major role related to Costco’s business operations and merchandising activities.Video: Jake Skorheim carves his greatest pumpkin yet
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