Leadership Change at Costco: CEO Craig Jelinek to Step Down, COO Ron Vachris Takes Over

Costco CEO Craig Jelinek is stepping down from his position, and the company's Chief Operating Officer, Ron Vachris, will take over starting January 1. The move comes as Costco experienced significant growth during the pandemic and inflationary period. Jelinek has been at the helm since 2012 and will remain on the board of directors in an advisory role. Vachris, who has been with Costco for over 40 years, will assume the CEO position as part of the company's long-standing succession plan.