W. Craig Jelinek

Walter Craig Jelinek (born August 8, 1952) is an American businessman who served as president and CEO of Costco from 2012 to 2023, 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.

His father was of Czech descent (the surname is derived from Jelínek, which is common in the country).

In 1970, Jelinek graduated from Antelope Valley High School.

In 1975, Jelinek earned a bachelor's degree from San Diego State University.

Jelinek started his career at FedMart and was later an operations manager for the company in Los Angeles.

In 1981, Jelinek joined Lucky Stores.

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.

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.

Jelinek also sits on Costco Wholesale UK Ltd's board.

In 2018, Jelinek's annual base salary was $800,000 as stated by the Puget Sound Business Journal.

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.

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.