End of an Era: Costco CEO Craig Jelinek Retires, Successor Announced
Costco CEO Craig Jelinek is stepping down after about 12 years, with Ron Vachris taking over as CEO. During Jelinek's tenure, Costco's revenue more than doubled, its international presence expanded, and its share price surged. The company initially removed self-checkouts but later brought them back. Costco opened a poultry complex to maintain low rotisserie chicken prices, and membership fees increased. While some food court prices went up, the price of the Costco hotdog has remained unchanged since 1985.