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Ron Vachris

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business5 months ago•35 min saved

Costco CEO's $1.50 hot dog bite goes viral, fueling the CEO bite trend

Costco’s Ron Vachris, a 40-year veteran who rose from forklift operator to CEO, went viral after enthusiastically biting into a $1.50 hot dog combo, quipping that it’s “$1.50 well spent” and praising its “amazing quality, amazing value.” The clip is part of a broader “CEO bite” trend sparked when McDonald’s boss posted a bold bite; other chains’ leaders (Burger King, Wendy’s, Jack in the Box) joined in with larger, playful bites, turning a simple food moment into a marketing splash and a potential branding moment for Costco and its leadership.

via Yahoo|

#business #ceo-bite-trend #costco

business2 years ago•1 min saved

Costco CEO Craig Jelinek announces 2024 departure

Costco CEO Craig Jelinek will step down from his position on January 1, 2024, and will be succeeded by Ron Vachris, the current president and COO. The decision is part of a long-standing succession plan, and Jelinek will remain with the company in an advisory role until April 2024. Costco operates 861 warehouses worldwide and was founded in Seattle in 1983.

via KOMO News|

#business #ceo #costco

business2 years ago•1 min saved

Costco CEO Craig Jelinek to Hand Over Reins After 11 Years

Costco CEO Craig Jelinek has confirmed his intention to step down on January 1, with Ron Vachris, the retailer's president and chief operating officer, set to take over as the new CEO. The transition is part of a long-standing succession plan, and Jelinek will remain in an advisory role until April to assist with the transition. Vachris, a Costco veteran with over 40 years of experience, has the full confidence of Jelinek. The company's board has also declared a quarterly cash dividend of $1.02 per share.

via Fox Business|

#business #ceo #costco

business2 years ago•1 min saved

Costco's CEO Craig Jelinek to Step Down, COO Ron Vachris to Take Over

Costco CEO Craig Jelinek will step down at the end of the year, with Ron Vachris, the company's president and COO, set to replace him. Jelinek has been CEO since 2012, overseeing a five-fold increase in the company's stock. Costco, the third largest US retailer, operates 861 warehouses worldwide and has a membership model with around 66 million paid members and 119 million cardholders. The company has not raised its membership fees since 2017 but may do so soon. Costco's membership model has been crucial to its success, helping boost profits and maintain low prices.

via CNN|

#business #ceo #costco

business2 years ago•1 min saved

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.

via CNBC|

#business #ceo #costco