Contact Information: CONTACTS: Costco Wholesale Corporation Richard Galanti, 425/313-8203 Bob Nelson, 425/313-8255 Jeff Elliott, 425/313-8264
Costco Wholesale Corporation Announces Executive Management Changes
| Source: Costco
ISSAQUAH, WA--(Marketwire - February 1, 2010) - Costco Wholesale Corporation (NASDAQ : COST )
announced today the appointment by the Board of Directors of Craig Jelinek
as President and Chief Operating Officer, effective immediately. Mr.
Jelinek previously was Executive Vice President in charge of merchandising,
a position he has held since 2004. He spent the previous twenty years in
various management positions in warehouse operations. Mr. Jelinek will
join the Board of Directors.
Jim Sinegal will continue as Chief Executive Officer of the Company. Mr.
Sinegal, together with Chairman of the Board Jeff Brotman, Senior Executive
Vice President Dick DiCerchio and Mr. Jelinek, will form an Office of the
President, through which the four will coordinate on major Company matters.
Mr. Sinegal stated: "We are excited about Craig's elevation to his new
role. He is a highly seasoned retail executive, with over twenty-five
years' experience at our Company and over thirty-five years' experience in
the industry. We look forward to his participation in a broader range of
decisions as we move the Company forward."
Costco currently operates 566 warehouses, including 413 in the United
States and Puerto Rico, 77 in Canada, 21 in the United Kingdom, seven in
Korea, six in Taiwan, nine in Japan, 32 in Mexico and one in Australia. The
Company also operates Costco Online, an electronic commerce web site, at
www.costco.com and at www.costco.ca in Canada.