Costco has promoted its executive vice-president of merchandising, Craig Jelinek, to the position of president and COO, effective immediately.??
Mr Jelinek has worked at the company for around 20 years, during which time he has held various management positions in warehouse operations.
?Mr Jelinek joined the board of directors as of 3 February.
CEO Jim Sinegal, together with chairman of the board Jeff Brotman, senior executive vice-president Dick DiCerchio and Mr Jelinek, will form an Office of the President, through which the four will coordinate on “major company matters”, Costco said.??
“We are excited about Craig’s elevation to his new role,” said Mr Sinegal. “He is a highly seasoned retail executive, with over 25 years’ experience at our company and over 35 years’ experience in the industry. We look forward to his participation in a broader range of decisions as we move the company forward.”??
Costco operates 566 warehouses, including 413 in the US and Puerto Rico, 77 in Canada, 21 in the UK, seven in Korea, six in Taiwan, nine in Japan, 32 in Mexico and one in Australia.
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