Walter Craig Jelinek (born August 8, 1952) is an American businessman, president and CEO of Costco since 2012, when he succeeded the company's founder, James Sinegal.
On August 8, 1952, Jelinek was born in Los Angeles, California to Walter Adolph Jelinek and Erdene Gordon.[1][2] His father was of Czech descent.[3] In 1970, Jelinek graduated from Antelope Valley High School.[4][5][6]
Jelinek started his career at FedMart and was later an operations manager for the company in Los Angeles.[5][7] In 1981, Jelinek joined Lucky Stores.[8]
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.[7] 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.[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 the Puget Sound Business Journal.[13] 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.[14]
Jelinek announced in October 2023 that he would step down as Costco CEO at the end of the year; he is set to be replaced by Ron Vachris, the chief operating officer and president.[10]
Awardsedit
2019 Peter G. Peterson Business Statesmanship Award. Presented by Committee for Economic Development.[15]
^"Costco CEO Craig Jelinek added to Outlook Conference". theavtimes.com. November 27, 2012. Retrieved September 23, 2020.
^ abAllison, Melissa (February 2, 2010). "Costco names apparent heir to CEO Sinegal". The Seattle Times. Retrieved November 3, 2023.
^"Inside the career of Costco CEO Craig Jelinek, who's worked with the warehouse club almost since its birth". businessinsider.com. March 17, 2019. Retrieved September 23, 2020.
^Allison, Melissa (April 10, 2011). "In Person: Costco president Craig Jelinek keeps a low profile". The Seattle Times. Retrieved November 3, 2023.
^ abGeraldo, Renata (October 18, 2023). "Costco CEO Craig Jelinek to step down, hand the reins to longtime insider". The Seattle Times. Retrieved November 3, 2023.
^"Executive Profile: W. Craig Jelinek". Bloomberg. Retrieved June 26, 2015.
^"Business Leaders". Market Screener. Retrieved May 18, 2020.
^Cain, Aine (March 17, 2019). "Inside the career of Costco CEO Craig Jelinek, who's worked with the warehouse club almost since its birth". Business Insider. Retrieved May 18, 2020.
^"Proxy Statement pursuant to section 14(a) of the Securities Exchange Act of 1934". Retrieved December 24, 2021.
^"Craig Jelinek". ced.org. Retrieved September 23, 2020.
craig, jelinek, walter, craig, jelinek, born, august, 1952, american, businessman, president, costco, since, 2012, when, succeeded, company, founder, james, sinegal, walter, craig, jelinekborn, 1952, august, 1952, angeles, california, alma, matersan, diego, st. Walter Craig Jelinek born August 8 1952 is an American businessman president and CEO of Costco since 2012 when he succeeded the company s founder James Sinegal Walter Craig JelinekBorn 1952 08 08 August 8 1952 age 71 Los Angeles California U S Alma materSan Diego State UniversityOccupationBusinessmanKnown forPresident and CEO of Costco 2012 2023 Contents 1 Early life 2 Education 3 Career 4 Awards 5 See also 6 References 7 External linksEarly life editOn August 8 1952 Jelinek was born in Los Angeles California to Walter Adolph Jelinek and Erdene Gordon 1 2 His father was of Czech descent 3 In 1970 Jelinek graduated from Antelope Valley High School 4 5 6 Education editIn 1975 Jelinek earned a bachelor s degree from San Diego State University 4 Career editJelinek started his career at FedMart and was later an operations manager for the company in Los Angeles 5 7 In 1981 Jelinek joined Lucky Stores 8 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 7 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 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 the Puget Sound Business Journal 13 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 14 Jelinek announced in October 2023 that he would step down as Costco CEO at the end of the year he is set to be replaced by Ron Vachris the chief operating officer and president 10 Awards edit2019 Peter G Peterson Business Statesmanship Award Presented by Committee for Economic Development 15 See also editJeffrey Brotman Hamilton E JamesReferences edit Jelinek 1952 California Birth Index 1905 1995 FamilySearch Jelinek 1951 California County Marriages 1850 1953 FamilySearch Jelinek 1920 United States Census 1920 FamilySearch a b Craig Jelinek Marquis Who s Who Retrieved September 23 2020 a b W Craig Jelinek BoardroomInsiders Costco CEO Craig Jelinek added to Outlook Conference theavtimes com November 27 2012 Retrieved September 23 2020 a b Allison Melissa February 2 2010 Costco names apparent heir to CEO Sinegal The Seattle Times Retrieved November 3 2023 Inside the career of Costco CEO Craig Jelinek who s worked with the warehouse club almost since its birth businessinsider com March 17 2019 Retrieved September 23 2020 Allison Melissa April 10 2011 In Person Costco president Craig Jelinek keeps a low profile The Seattle Times Retrieved November 3 2023 a b Geraldo Renata October 18 2023 Costco CEO Craig Jelinek to step down hand the reins to longtime insider The Seattle Times Retrieved November 3 2023 Executive Profile W Craig Jelinek Bloomberg Retrieved June 26 2015 Business Leaders Market Screener Retrieved May 18 2020 Cain Aine March 17 2019 Inside the career of Costco CEO Craig Jelinek who s worked with the warehouse club almost since its birth Business Insider Retrieved May 18 2020 Proxy Statement pursuant to section 14 a of the Securities Exchange Act of 1934 Retrieved December 24 2021 Craig Jelinek ced org Retrieved September 23 2020 External links editAn Interview With Costco CEO Craig Jelinek 2013 W Craig Jelinek on Twitter Retrieved from https en wikipedia org w index php title W Craig Jelinek amp oldid 1183425436, wikipedia, wiki, book, books, library,
