Costco CEO steps down as Ron Vachris elected to post
Costco CEO steps down as Ron Vachris elected to post
Costco Wholesale Corp. CEO Craig Jelinek will step down from his position, effective Jan. 1, 2024. The board of directors elected Ron Vachris, president and chief operating officer since February 2022, as president and CEO, effective Jan. 1.
Jelinek and Vachris have worked hand in hand over the last 21 months in Vachris' role as president and for many years before that. The company said this is the culmination of a long-standing succession plan that Jelinek had discussed with the board.