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Costco Implements Succession Plan

 02/13/2022

Costco Wholesale Corp.  promoted Ron Vachris to President and COO effective February 2nd 2022.  Craig Jelinek remains as CEO and a Board member.

 

Vachris has served as Executive VP and COO of merchandising for Costco since 2016.  After joining Costco in 2010 Vachris has held positions of increasing responsibility including Senior VP of real estate development. 

 

Costco operates 828 warehouses, including 572 in the U.S.,105 in Canada, 40 in Mexico, 62 in Asia, 35 in Europe, and 13 in Australia. Compared to the corresponding month in 2021Costco reported an increase in total comparable sales for January 2022, (excluding fuel and foreign exchange adjustments) of 10.8 percent worldwide with a 9.5 percent increase in the U.S.