• Source: W. Craig Jelinek

Walter Craig Jelinek (born August 8, 1952) is an American businessman who served as president and CEO of Costco from 2012 to 2023, when he succeeded the company's founder, James Sinegal.




Early life


On August 8, 1952, Jelinek was born in Los Angeles, California to Walter Adolph Jelinek and Erdene Gordon. His father was of Czech descent (the surname is derived from Jelínek, which is common in the country). In 1970, Jelinek graduated from Antelope Valley High School.




Education


In 1975, Jelinek earned a bachelor's degree from San Diego State University.




Career


Jelinek started his career at FedMart and was later an operations manager for the company in Los Angeles. In 1981, Jelinek joined Lucky Stores.
He joined Costco as a warehouse manager in 1984 and was later the manager of the company's Northwest region after the Price Club merger. Jelinek became the company's executive president of merchandising in 2004. He joined the company's board in 2010 amid speculation that he was being prepared to take over as CEO. Jelinek was named president in 2010 and took over as CEO in 2012 after the retirement of founder James Sinegal.
Jelinek also sits on Costco Wholesale UK Ltd's board.
In 2018, Jelinek's annual base salary was $800,000 as stated by the Puget Sound Business Journal. His base salary increased to $1,000,000 in 2020; that same year, Jelinek's total compensation was $8,279,552 per an SEC filing by Costco. In 2023, Jelinek's total compensation from Costco was $16.9 million, or 336 times the median employee pay at Costco for that year.
Jelinek announced in October 2023 that he would step down as Costco CEO at the end of the year; Ron Vachris replaced Jelinek as the chief operating officer and president in January 2024. Jelinek will stay on as an advisor until April 2024 and also serve as a member of the board.




Awards


2019 Peter G. Peterson Business Statesmanship Award. Presented by Committee for Economic Development.




See also


Jeffrey Brotman
Hamilton E. James




References






External links


An Interview With Costco CEO Craig Jelinek (2013)

Kata Kunci Pencarian:

• Costco
• Sosialisme
• Sosialisme demokratis
• Daftar penerima Nobel
• William Thompson
• Demokrasi sosial
• Daftar penerima Nobel menurut negara
• Model Lange
• W. Craig Jelinek
• Jelínek
• James Sinegal
• Costco
• List of San Diego State University people
• Dugite
• Mycoplasma genitalium
• List of people from Omaha, Nebraska
• USS Cole bombing
• Deaths in August 2024