Senegal stepping down at Costco

Retail Editor 1, September 1, 2011

Issaquah, Wash. - Longtime Costco Wholesale Club executive Jim Senegal will exit the post of ceo at the end of the year.
President and chief operating officer Craig Jelinek will become president and ceo effective Jan. 1, 2012. Jelinek has been with Costco for 28 years, beginning as a warehouse manager and working in several areas of the retailer's merchandise and business operations since then.
"Costco has a very strong culture and a deep bench of management talent," said Sinegal. "I have total confidence in Craig's ability to handle his new responsibilities and feel we are fortunate as a company to have an executive of his caliber to succeed me as chief executive of Costco."
Sinegal serve in an advisory capacity through January 2013 and will continue to serve on the board of directors. He plans to stand for reelectionto the board at the January 2012 annual meeting.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!