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Costco CEO Craig Jelinek to Step Down, Replacement Named

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Retail

Costco CEO Craig Jelinek to Step Down, Replacement Named

Costco’s longtime CEO Craig Jelinek is stepping down from the company after the warehouse club’s spree of pandemic- and inflation-fueled growth. The company said Wednesday that Ron Vachris, its current chief operating officer, will replace Jelinek. The change will take effect Jan. 1. In a company press release, Costco said the two executives have worked together over nearly […]