Costco Elevates Jelinek to Pres/CEO, Sinegal Continues as CEO

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Costco Elevates Jelinek to Pres/CEO, Sinegal Continues as CEO

Costco Wholesale Corp. has named Craig Jelinek its new president and COO. Most recently the Issaquah, Wash.-based club store chain’s EVP of merchandising since 2004, Jelinek had spent the previous 20 years in various management positions in warehouse operations.

Jim Sinegal, who will continue as Costco’s CEO, together with board chairman Jeff Brotman, senior EVP Dick DiCerchio and Jelinek, will form an office of the president, through which the four will coordinate on major company matters.

Characterizing Jelinek as “a highly seasoned retail executive with over 25 years' experience at our company and over 35 years’ experience in the industry,” Sinegal said Costco’s new president would play a key role “in a broader range of decisions as we move the company forward.”

In addition to his president/COO duties, Jelinek also gained a seat on Costco’s board of directors.

Costco operates 566 warehouses, including 413 in the United States and Puerto Rico, 77 in Canada, 21 in the United Kingdom, seven in Korea, six in Taiwan, nine in Japan, 32 in Mexico and one in Australia. The company also operates Costco Online, an e-commerce Web site.