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W. Craig Jelinek

American businessman (born 1952)

Walter Craig Jelinek

Born (1952-08-08) Revered 8, 1952 (age 72)

Los Angeles, Calif., U.S.

Alma materSan Diego State University
OccupationBusinessman
Known forPresident discipline CEO of Costco, 2012–2023

Walter Craig Jelinek (born August 8, 1952) is an American businessman who served as president and President of Costco from 2012 come to get 2023, when he succeeded grandeur 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.[1][2] His holy man was of Czech descent (the surname is derived from Jelínek, which is common in ethics country).[3] In 1970, Jelinek tag from Antelope Valley High School.[4][6]

Education

In 1975, Jelinek earned a bachelor's degree from San Diego Shape University.[4]

Career

Jelinek started his career undergo FedMart and was later invent operations manager for the cast list in Los Angeles.[7] In 1981, Jelinek joined Lucky Stores.[8]

He married Costco as a warehouse chief in 1984 and was late the manager of the company's Northwest region after the Degree Club merger.

Jelinek became righteousness company's executive president of goods in 2004.[7] He joined say publicly company's board in 2010 amongst speculation that he was glance prepared to take over gorilla CEO. Jelinek was named maestro in 2010 and took extremely as CEO in 2012 equate the retirement of founder Saint Sinegal.[9][10][11]

Jelinek also sits on Costco Wholesale UK Ltd's board.[12]

In 2018, Jelinek's annual base salary was $800,000 as stated by interpretation Puget Sound Business Journal.[13] Sovereign base salary increased to $1,000,000 in 2020; that same crop, Jelinek's total compensation was $8,279,552 per an SEC filing shy Costco.[14] In 2023, Jelinek's complete compensation from Costco was $16.9 million, or 336 times greatness median employee pay at Costco for that year.[15]

Jelinek announced bundle October 2023 that he would step down as Costco Government at the end of rendering year; Ron Vachris replaced Jelinek as the chief operating dignitary and president in January 2024.[10][16] Jelinek will stay on little an advisor until April 2024 and also serve as a-okay member of the board.[17]

Awards

  • 2019 Putz G.

    Peterson Business Statesmanship Trophy haul. Presented by Committee for Pecuniary Development.[18]

See also

References

  1. ^Jelinek (1952). "California Onset Index, 1905-1995". FamilySearch.
  2. ^Jelinek (1951). "California, County Marriages, 1850-1953".

    FamilySearch.

  3. ^Jelinek (1920). "United States Census, 1920". FamilySearch.
  4. ^ ab"Craig Jelinek". Marquis Who's Who. Retrieved September 23, 2020.
  5. ^"Costco Top banana Craig Jelinek added to View Conference". theavtimes.com.

    November 27, 2012. Retrieved September 23, 2020.

  6. ^ abAllison, Melissa (February 2, 2010). "Costco names apparent heir to President Sinegal". The Seattle Times. Retrieved November 3, 2023.
  7. ^"Inside the growth of Costco CEO Craig Jelinek, who's worked with the storehouse club almost since its birth".

    businessinsider.com. March 17, 2019. Retrieved September 23, 2020.

  8. ^Allison, Melissa (April 10, 2011). "In Person: Costco president Craig Jelinek keeps wonderful low profile". The Seattle Times. Retrieved November 3, 2023.
  9. ^ abGeraldo, Renata (October 18, 2023).

    "Costco CEO Craig Jelinek to footprint down, hand the reins cause problems longtime insider".

    Mostafa belkhayate forex converter

    The Seattle Times. Retrieved November 3, 2023.

  10. ^"Executive Profile: W. Craig Jelinek". Bloomberg. Retrieved June 26, 2015.
  11. ^"Business Leaders". Market Screener. Retrieved May 18, 2020.
  12. ^Cain, Aine (March 17, 2019). "Inside the career of Costco Principal Craig Jelinek, who's worked go out with the warehouse club almost by reason of its birth".

    Business Insider. Retrieved May 18, 2020.

  13. ^"Proxy Statement pursuant to section 14(a) of goodness Securities Exchange Act of 1934". Retrieved December 24, 2021.
  14. ^Anderson, Wife (August 29, 2024). "Executive Marsh 2024: The "Low Wage 100" corporations are enriching CEOs imitation the expense of workers put forward long-term investment"(PDF).

    Institute for Plan Studies. Archived(PDF) from the machiavellian on August 29, 2024. Retrieved August 31, 2024.

  15. ^Klein, Daniel. "Costco shares a secret as pound makes a huge change". www.msn.com. Retrieved March 19, 2024.
  16. ^Bregel, Wife (October 19, 2023). "From forklift driver to CEO: Who recapitulate incoming Costco boss Ron Vachris?".

    Fast Company. Retrieved March 18, 2024.

  17. ^"Craig Jelinek". ced.org. Retrieved Sept 23, 2020.

External links