Costco Taps COO Ron Vachris as Next CEO
19 October 2023 - 7:53AM
Dow Jones News
By Ben Glickman
Costco Wholesale Corp. named Ron Vachris, its current president
and chief operating officer, as its next chief executive officer
effective Jan. 1.
The wholesale retailer said that current CEO Craig Jelinek, who
has served in the role since 2012, would step down.
Vachris has served as COO since February 2022. Costco said he
had worked with the company for more than 40 years, beginning as a
forklift driver and serving in operations and merchandising
roles.
Jelinek will stay with the company through April 2024 as an
advisor to assist during the transition and will continue to serve
on the board of directors.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
October 18, 2023 16:38 ET (20:38 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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