W. Craig Jelinek
Summary
W. Craig Jelinek, hailing from Lancaster, California, is a prominent figure in the retail industry and currently serves as the CEO of Costco. He began his career with part-time employment as a food stocker at Fed-Mart's Lancaster franchise while attending high school and junior college. Jelinek continued working for Fed-Mart during his college years, ultimately earning an Associate's degree in Business Administration in 1975.
Throughout his professional journey, Jelinek held various management positions, including operations manager for Fed-Mart's Los Angeles division until its closure in 1982. He subsequently worked with a department store chain called Gemco for two years. In 1984, Jelinek joined Costco and played a significant role in the company's expansion into Nevada and California. As Assistant Vice President and Regional Manager, he oversaw the opening of multiple warehouses, including those in Reno, Las Vegas, Fresno, Bakersfield, Stockton, and various locations across Northern and Southern California.
During Costco's growth phase in the mid-1980s, Jelinek faced numerous challenges. With limited central support departments, he had to assume multiple responsibilities, ranging from managing operations and warehouse staff to attending city council meetings and collaborating with architects.
In 1992, Jelinek returned to the Puget Sound region and assumed the position of Senior Vice President of Operations for the West Coast. Following the merger with Price Club in 1993, he took charge of the Northwest Region. In 2004, Jelinek was promoted to Executive Vice President and Chief Operating Officer of Merchandising, overseeing various departments such as E-commerce, Fresh Foods, Meat, Bakery, Deli, Produce, Foods, Non-Foods, Pharmacy, and Home/Business Centers.
In recognition of his leadership and contributions, Jelinek was named President and Chief Operating Officer of Costco in 2010, and he also joined the company's Board of Directors. When Jim Sinegal retired in January 2012, Jelinek assumed the role of CEO.
Throughout his career, W. Craig Jelinek has demonstrated exceptional leadership skills, adaptability, and a deep understanding of Costco's operations. Under his guidance, the company has continued to thrive and expand, maintaining its position as one of the leading retail giants.
Biography
Walter Craig Jelinek, known as Craig Jelinek, is an American businessman who has served as the president and CEO of Costco Wholesale since 2012. Born on August 8, 1952, in Los Angeles, California, Jelinek embarked on a successful career in the retail industry, leading one of the largest retail companies in the world.
Jelinek completed his high school education at Antelope Valley High School in 1970. He went on to pursue higher education and obtained a bachelor's degree from San Diego State University in 1975.
Jelinek's career began at FedMart, where he gained valuable experience in the retail sector. In 1981, he transitioned to Lucky Stores, further honing his skills and expertise in the industry. In 1984, Jelinek joined Costco, initially working as a warehouse manager.
Throughout his tenure at Costco, Jelinek demonstrated his leadership abilities and dedication to the company. His hard work and commitment propelled him through the ranks, eventually leading to his appointment as CEO in 2012. He succeeded James Sinegal, the founder of Costco, and took on the responsibility of guiding the company forward.
As CEO, Jelinek has overseen the continued growth and success of Costco. Under his leadership, the company has expanded its operations, both domestically and internationally, and maintained a reputation for providing quality products at competitive prices.
In addition to his role as president and CEO of Costco, Jelinek also serves on the board of directors for Costco Wholesale UK Ltd. His contributions have been recognized through various accolades, including the prestigious Peter G. Peterson Business Statesmanship Award in 2019, presented by the Committee for Economic Development.
Throughout his career, Craig Jelinek has demonstrated strong leadership skills, a commitment to excellence, and a dedication to the success of Costco Wholesale. His contributions have played a significant role in shaping the company's growth and success in the retail industry.
Vision
Jelinek has been instrumental in maintaining Costco's commitment to providing quality products, excellent customer service, and competitive prices. He understands the importance of delivering value to customers and believes in offering a wide range of high-quality merchandise at affordable prices.
Furthermore, Jelinek has emphasized the significance of taking care of employees and maintaining a positive work environment. Costco is known for its competitive employee benefits, fair wages, and opportunities for career growth. This suggests that Jelinek values a corporate culture that promotes employee satisfaction, loyalty, and overall well-being.
In addition, Jelinek has shown a dedication to upholding Costco's reputation as a responsible corporate citizen. The company actively engages in sustainability practices, promotes ethical sourcing, and supports various charitable initiatives. Jelinek recognizes the importance of conducting business in an environmentally conscious and socially responsible manner.
Recognition and Awards
References
- Craig Jelinek profile | Forbes
- W. Craig Jelinek profile | Wikipedia
- Biography of Craig Jelinek | The Official Board
- Costco | openbusinesscouncil.org
- W. Craig Jelinek biography | Bloomberg
- The life and career of Costco CEO Craig Jelinek, who's worked at the retail giant since the '80s – and eats its famous $1.50 hot dog plain | Insider
- People - W. Craig Jelinek | CED
- The Spectacular Retail Career of Costco’s W. Craig Jelinek | C-Suite Spotlight
- Inside the career of Costco CEO Craig Jelinek, who's worked with the warehouse club almost since its birth (COST) | Business Insider Africa
- Craig Jenilek biography | Wikiwand
- Costco CEO's legacy continues as he steps down | Reuters
- Costco Set To Merge With Price | The New York Times
- Costco Founder, CEO Jim Sinegal To Retire; Craig Jelinek To Assume Helm In January | Food Trade News
- How Did Craig Jelinek Become Ceo Of Costco? | Celebrity
- Costco CEO talks store openings, inflation, the holiday season, and the labor pool | Yahoo Finance
- Costco’s Craig Jelinek Makes the Magic Happen at the Storied Retailer | Barron's
- 4 things Costco CEO Craig Jelinek said in a rare interview on the economy, retail trends and more | CNBC