Craig Jelinek, CEO of Costco Wholesale Corporation since 2012 will retire in the new year.  Jelinek will be succeeded by Ron Varchris in a planned succession announced in 2022 when he was appointed to the dual roles of president and COO and was elevated to the Board. 

During his tenure, Costco increased annual revenue from $100 billion to $240 billion and expanded the company to 861 warehouses with 591 in the U.S., 107 in Canada and 164 in various nations including Mexico, Japan, the U.K. and also in Asia and Australia.  Craig Jelinek now 71 will remain as an advisor through April 2024 and will continue to serve on the Board of Costco.