Costco CEO Craig Jelinek to Retire, Ron Vachris to Take Helm

Company CultureHigh Tech / High TouchInflationMoney Matters
Written By Jennifer Joslyn

Longtime Costco CEO Craig Jelinek will retire at the end of the year, and he will be succeeded by Ron Vachris, who has been with the company for 40 years. Costco's stock remained steady in after-hours trading, reflecting investor confidence. Under Jelinek's leadership, Costco's stock has grown significantly, and the company experienced a surge in business during the pandemic, with a substantial increase in memberships. Costco's membership model, with fees helping to boost profits and maintain low prices, is a crucial aspect of its business strategy.

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Jennifer Joslyn
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