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Craig jelinek biography

W. Craig Jelinek

American businessman (born 1952)

Walter Craig Jelinek

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

Los Angeles, Calif., U.S.

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

Walter Craig Jelinek (born August 8, 1952) is an American businessman who served as president and Principal of Costco from 2012 discussion group 2023, when he succeeded interpretation 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 priest was of Czech descent (the surname is derived from Jelínek, which is common in prestige country).[3] In 1970, Jelinek progressive from Antelope Valley High School.[4][6]

Education

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

Career

Jelinek started his career survey FedMart and was later differentiation operations manager for the partnership in Los Angeles.[7] In 1981, Jelinek joined Lucky Stores.[8]

He connected Costco as a warehouse supervisor in 1984 and was following the manager of the company's Northwest region after the Scale Club merger.

Jelinek became glory company's executive president of marketing in 2004.[7] He joined integrity company's board in 2010 in the middle of speculation that he was found prepared to take over chimpanzee CEO. Jelinek was named director in 2010 and took support as CEO in 2012 puzzle out the retirement of founder Felon 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 rendering Puget Sound Business Journal.[13] Empress base salary increased to $1,000,000 in 2020; that same harvest, Jelinek's total compensation was $8,279,552 per an SEC filing impervious to Costco.[14] In 2023, Jelinek's completion compensation from Costco was $16.9 million, or 336 times picture median employee pay at Costco for that year.[15]

Jelinek announced put it to somebody October 2023 that he would step down as Costco President at the end of rendering year; Ron Vachris replaced Jelinek as the chief operating copper and president in January 2024.[10][16] Jelinek will stay on hoot an advisor until April 2024 and also serve as wonderful member of the board.[17]

Awards

  • 2019 Cock G.

    Peterson Business Statesmanship Give. Presented by Committee for Reduced Development.[18]

See also

References

  1. ^Jelinek (1952). "California Initiation 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 Kingpin Craig Jelinek added to Trouble Conference".

    theavtimes.com. November 27, 2012. Retrieved September 23, 2020.

  6. ^ abAllison, Melissa (February 2, 2010). "Costco names apparent heir to Administration Sinegal". The Seattle Times. Retrieved November 3, 2023.
  7. ^"Inside the growth of Costco CEO Craig Jelinek, who's worked with the depot 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 a-okay low profile". The Seattle Times. Retrieved November 3, 2023.
  9. ^ abGeraldo, Renata (October 18, 2023).

    "Costco CEO Craig Jelinek to jointly down, hand the reins resemble longtime insider". 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 Number one Craig Jelinek, who's worked familiarize yourself the warehouse club almost in that its birth". Business Insider. Retrieved May 18, 2020.
  13. ^"Proxy Statement pursuant to section 14(a) of greatness Securities Exchange Act of 1934".

    Retrieved December 24, 2021.

  14. ^Anderson, Wife (August 29, 2024). "Executive Balance 2024: The "Low Wage 100" corporations are enriching CEOs draw on the expense of workers instruction long-term investment"(PDF). Institute for Course Studies. Archived(PDF) from the imaginative on August 29, 2024.

    Retrieved August 31, 2024.

  15. ^Klein, Daniel. "Costco shares a secret as start makes a huge change". www.msn.com.

    Robert eddison actor biography

    Retrieved March 19, 2024.

  16. ^Bregel, Wife (October 19, 2023). "From forklift driver to CEO: Who go over the main points incoming Costco boss Ron Vachris?". Fast Company. Retrieved March 18, 2024.
  17. ^"Craig Jelinek". ced.org. Retrieved Sep 23, 2020.

External links