01 September 2011

Costco CEO Sinegal stepping down at end of year

ISSAQUAH, WASH.—Costco Wholesale Corp. said Wednesday that its CEO Jim Sinegal plans to step down effective Jan. 1.

The warehouse club chain said its board has elected the company’s current president and chief operating officer, Craig Jelinek, to take over the top job on that date.

Sinegal will remain with Costco through January 2013, serving in an advisory role and assisting Jelinek in the transition. He will also continue to serve on the board of directors


Read Article


No comments:

Post a Comment