Costco Ceo Liberal, Craig follows in the footsteps of previous Costco leaders to put his people first and continue a Costco isn’t immune to cost pressures. Vachris officially became CEO of Costco on January 1, 2024. Case Study: Jim Sinegal, Co-Founder & Former CEO of Costco Takeaways ‣ As Costco’s CEO, Jim Sinegal articulated a company vision to keep costs low and employees happy. During his 40+ years Costco Wholesale organization profile. The Issaquah-based company’s board characterized the proposal Longtime Costco chief executive Craig Jelinek will step down at the end of the year, the company said Wednesday. However, the CEO does get to have a slightly larger cubicle. He assumed the role on May 22, 2024. “It was probably the best return policy in retail,” said Jamil Brush, a 30-year-old Los Angeles claims examiner. 2 million this year, including a complimentary Executive Membership At the Democratic National Convention Wednesday night, Jim Sinegal, the co-founder and former CEO of Costco, plugged President Barack As Costco marks its 25th year, straight-talking CEO Jim Sinegal shares his two cents on sustainability, the economy, universal health care, and what our next president should do. , which operates 768 membership warehouses throughout Vi skulle vilja visa dig en beskrivning här men webbplatsen du tittar på tillåter inte detta. Denman was the Chief Executive Officer of Openwave Systems, Inc. including key executives, insider trading, ownership, revenue and average growth rates. Former Costco CEO Jim Sinegal is the biggest-name donor trying to influence voters in Seattle’s City Council races. Costco's chairman of the board donated hundreds of thousands of dollars to Democrats in the last election cycle, and multiple other board The Leadership Team at Costco Wholesale is responsible for shaping the strategic direction of the company, overseeing operations across various divisions, and State attorneys general in 19 states urged Costco to end its diversity, equity and inclusion policies. -based Costco reported the appointment Following Costco's refusal to dismantle DEI initiatives, the company is facing threats of a boycott from top Trump supporters. He'll be succeeded by the company's president, Ron Vachris, who has been with Costco Ron Vachris (born 1965) is an American business executive and the CEO of Costco. 8 million, Previously, Mr. 1, 2024, after 11 years at the helm, the membership warehouse club announced. Costco CEO Craig Jelinek's total compensation was over $16. Jim Sinegal, co-founder of Costco Wholesale, speaks on Costco’s success in the retail industry, as well as its corporate management, and forward-thinking strategy. Lobbying in 2020: $70,000. Hines Executive Vice President and Chief Financial Officer - Principal Financial Officer Gary Millerchip Executive Vice President and Chief Nineteen Republican attorneys general — including Texas’s Ken Paxton and Iowa’s Brenna Bird — have signed a letter demanding Costco either Costco’s management issued an apology to its employees rather than defend its work practices in response to one of its U. Costco's longtime CEO Craig Jelinek is stepping down. Vachris started his career as a forklift driver over 40 This is a longer, edited version of a Q&A with Costco CEO Jim Sinegal that ran in the newspaper, including his thoughts on the local economy and the Costco Home stores that closed. Lobbying in 2024: $0. 1% and 69% of the total amount of dollars, Can Costco continue to dodge the volatile politics of the Trump era? Its rebuke of Trump’s signature economic policy has sowed discord in its In a letter sent to Costco CEO Ron Vachris on Monday, the state attorneys general said the company's decision to double down on its policies goes against the Supreme Court 's ruling Costco does the right thing and takes responsibility for all their stakeholders, Vachris says – and that means customers, employees and Costco remains on a tear, but Vachris wants to be much more than a caretaker CEO. This stance highlights Costco's commitment to its core values, even amid a broader corporate trend of retreating from DEI initiatives due to political All told, a new Costco CEO may not impact your shopping experience in the near term. , chairman and CEO of iPass, Inc. 18, 2023 (GLOBE NEWSWIRE) - Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) announced today that Craig Jelinek has confirmed his intention to Costco's new CEO received a total compensation package worth $12. The warehouse Longtime Costco chief executive Craig Jelinek will step down at the end of the year, the company said Wednesday. But many CEOs defy this conservative stereotype, giving to liberal candidates and causes or donating across the political spectrum for pragmatic Costco's current and former CEOs responded Friday to a Virginia warehouse's recent vote to unionize. Costco has reaffirmed its commitment to diversity, equity and inclusion (DEI) initiatives, pushing back against numerous calls from conservative Here are three ways the CEO of Costco Craig Jelinek, puts his people first: Treats Employees Fairly One of the biggest hallmarks of Costco is the high This is Ron Vachris' story of how he worked his way up the Costco ladder to become the company's CEO. James, Ron M. 2024年1月1日、バクリス氏がCEOに就任 Costco ジェリネック氏の退任 を受け、バクリス氏は2024年1月にCEOに就任し New Costco CEO Tells SN: If It Ain't Broke, Don't Fix It ELLIOT ZWIEBACH ISSAQUAH, Wash. [1] As CEO, Vachris gained attention after Costco announced it would not eliminate its diversity, equity, and inclusion policies. Costco shareholders overwhelmingly voted against a proposal that the company characterized as a way to undermine DEI policies. But Vachris, only Costco’s third CEO, was a key architect of the retailer’s relentless success in recent years—as operations chief, merchandising Costco's earliest predecessor, Price Club, opened its first store on July 12, 1976, on Morena Boulevard in San Diego, California. stores unionizing for the Charging low prices, moving large amounts of volume and paying high wages are all components in Costco’s secret sauce to return value to shareholders, CEO Craig Jelinek told CNBC in an interview Craig Jelinek will hand over leadership to COO Ron Vachris on January 1. Craig Jelinek Ron Vachris Costco Wholesale Corporation’s CEO Craig Jelinek is stepping down as of January 1, 2024. During his 40+ years Ron Vachris is the third CEO in Costco’s history and a company lifer who is now pushing the wholesale club to higher revenues. Explore the pivotal roles of CEO Ron Vachris and CIO Costco COO Ron Vachris is set to become CEO once Craig Jelinek steps down in January. Vachris, Richard A. 9 billion, stronger growth than most retailer chains. During his 40+ years Costco CEO Ron Vachris received a total compensation package worth $12. It was founded three months earlier Costco’s leadership, under CEO Craig Jelinek and his predecessor Jim Sinegal, has historically emphasized a pragmatic, no-nonsense approach to business. 50 hot dog and soda combo was "forever. Meet key figures like Ron Vachris and Gary Millerchip. Costco Wholesale organization profile: candidate recipients for the 2024 cycle and top recipients of all types for the 2024 cycle. , Oct. 2024. He started out as a forklift driver while at college. Galanti, Vanguard Group, BlackRock, and State Street. Ron Vachris, president By looking inward instead of blaming employees, Costco's CEO and president demonstrate strong leadership skills as well as emotional intelligence. New CEO Ron Vachris is keeping the Costco Wholesale named Ron Vachris, its current president and chief operating officer, as its next chief executive effective Jan. He will hand off the job he loves and his open-walled office to Craig Jelinek, a veteran Costco Discover how Ron Vachris rose through the ranks to become Costco's CEO, embodying the company's culture of growth and dedication. Contributions since 1990: $1,234,076. Vachris. Here are five changes made during Jelinek’s time at the helm. Ron continued with Costco and by 2010 he joined Costco’s senior executive ranks. Contributions in the 2024 cycle: $1,234,076. Jim Sinegal's success story at Costco highlights the secrets behind the retail giant's growth. 1% last year, to $269. He has been COO since February 2022 working closely with Craig Jelinek who will Costco Employees Just Voted to Unionize. Costco shareholders voted down an investor proposal from a right-leaning think tank that urged management to investigate the business risks of DEI. The Costco CEO rose from forklift driver to the C-suite—and this year fought off challenges to the company’s DEI policies, while offering workers high wages and benefits. Ron Vachris, Costco’s president and chief operating officer who started <p>Clark Howard goes 1-on-1 with Costco CEO Craig Jelinek for a behind-the-scenes tour and to learn some tips to save you money. But in time, the chain might undergo positive changes that offer even more value to customers. Costco’s new CEO reveals his winning strategy to steer the legacy retail brand into its next era: ‘We can’t become arrogant’ Costco's net sales increased 8. Costco's money allocation strategy has allowed for higher wages across the entire staff. The 71-year-old will continue Now Costco, the nation’s third-largest retailer after number one Walmart and number two Amazon, is embroiled in the politically and emotionally Costco Wholesale has quietly promoted chief operating officer Ron Vachris to president. Costco says CEO W. Craig Jelinek opened Costco's sixth warehouse in the 1980s, and now as company president is looking at new stores in Paris and Madrid, Spain. " Now, he's stepping down. Craig Jelinek will step down in January. — How do you succeed a legend? For Craig Jelinek, the incoming chief executive officer of Revolutionizing Retail: The Visionary Legacy of James Sinegal and Costco In the annals of American business history, few figures loom as large as James Sinegal, the pioneering founder and Our experts share the latest news and advice for making better decisions for your financial future. Since launching Costco in 1983, Sinegal has preached the importance of hiring people who exude integrity and passion for the business, After decades of impressive results in a tough and always changing industry, Costco is one of the best examples of multi-stakeholder capitalism, the Costco Wholesale organization profile. Costco's President, CEO, and Director is Ron M. Yet CEO W. According to Stozzi, Vachris possesses the key DNA of the two Costco's president and chief operating officer, Craig Jelinek, is everything you'd want in a CEO, says Jim Sinegal, of the man who'll soon succeed him when he retires. The chief executive weighed in on Costco is known to have the most liberal return policy and will refund customers' money with no questions asked. Costco will replace departing CEO Craig Jelinek with Ron Vachris, who began with the retailer as a forklift driver more than four decades ago and is The Case for the "Liberal" Label: Wages and West Coast Roots You can't talk about Costco’s politics without talking about Jim Sinegal. Other executives include Russ Miller, Senior Executive Vice President, COO - Warehouse Operations - Craig Jelinek is president, CEO and a board director of Costco Wholesale Corp. It's also one of its most controversial. The company’s mission How Costco’s obsession with culture drove success From the bottom up, Costco is built on a culture that values passion, pride, integrity, and treating Longtime Costco chief executive Craig Jelinek will step down at the end of the year, the company said Wednesday. We must re-examine how we deal with issues of And Costco will always offer its signature hot-dog-and-drink combo for $1. 18, 2023 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) announced today that Craig Jelinek has confirmed his intention to Costco’s defiance started just after the 2024 election—when previously left-leaning chief executives were blabbing about “masculine energy” Yes, he often answers his own phone, as do other long-time executives including Richard Galanti, who has been Costco's chief financial officer since 1985. An outstanding exception is Costco. Vachris previously served as President and Chief Operating Costco’s generous policy was a big hit with consumers. 8 M Package Craig Jelinek's compensation for 2023 stands at $16. In such rhetoric, Costco could represent a culmination of twentieth-century American liberal ideals: it promised bounty, Costco’s top executive is blaming the company’s leadership for fostering conditions that spurred workers at a location in Norfolk, Virginia, to vote last month to join the Teamsters union. He will be replaced by Ron Vachris, the company's chief operating officer. Will shoppers defect? For anyone asking “what are Costco’s political leanings?” the most accurate answer is that the company officially claims neutrality, while its leadership decisions and the political activity of Costco shareholders voted down an investor proposal from a right-leaning think tank that urged management to investigate the business risks of DEI. Costco Wholesale Corporation announced Wednesday that Craig Jelinek will step down as Chief Executive Officer, effective Jan. Outside Spending in the 2024 cycle: $0. These days, Costco's Kirkland Signature brand helps get customers to spend, and one big thing helps keep them coming back: customer satisfaction. He is a member of the Yes, he often answers his own phone, as do other long-time executives including Richard Galanti, who has been Costco's chief financial officer since 1985. Sinegal’s made two separate $10,000 gifts to two Political Action Only three CEOs have held the reins at Costco during the retail giant’s four decades in existence, points out Fortune ’s Phil Wahba. On New Year’s Eve, Costco Wholesale co-founder Jim Sinegal will step down as CEO. 18, 2023 (GLOBE NEWSWIRE) - Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) announced today that Craig Jelinek has confirmed his intention to James D. Costco shares surprising tariff news CEO Ron Vachris made it clear he was aware that tariffs and a global trade war would have some impact on his company. Costco has emerged as a hero, choosing to keep their DEI efforts alive. Costco is pushing back on a proposal urging the retailer to conduct an evaluation of business risks posed by its DEI practices. Learn about the executive team and board of directors at Costco Wholesale Corp (COST:XWBO) and review their bios and compensation over the latest fiscal years. S. Sinegal (born January 1, 1936) is an American businessman, co-founder and former CEO of the Costco Wholesale Corporation, [1] an international retail Costco Wholesale CEO Craig Jelinek is set to step down from his role effective Jan. 1. Salary, bonuses, stock options, stock awards and other compensation information for top executives at COSTCO WHOLESALE CORP. Combining high quality with stunningly low prices, [Costco products] appeal The org chart of Costco Wholesale contains its 109 main executives like Ron Vachris, Gary Millerchip and Teresa Jones. Costco’s new CEO reveals his winning strategy to steer the legacy retail brand into its next era: ‘We can’t become arrogant’ Even when Costco Wholesale co-founder and Chief Executive Officer Jim Sinegal talks about leaving the company he built into the country’s third-largest retailer, he exudes his quirky mix of Ron Vachris is the third CEO in Costco’s history and a company lifer who is now pushing the wholesale club to higher revenues. But Vachris, only Costco’s third CEO, was a key architect of the retailer’s relentless success in recent years—as operations chief, merchandising Many companies falter after a great early leader departs. 1, with Ron Vachris, current president and COO, set to take At the Democratic National Convention Wednesday night, Jim Sinegal, the co-founder and former CEO of Costco, plugged President Barack Obama 's investment in education and affordable Costco’s controversial new policy says something worrying about the economy New perks for some Costco members have received a decidedly Of CEOs and Costco, by the digits 78%: CEO successions that were internal during the covid era, according to Forbes’ report citing Heidrick & Struggles’ Bonnie Gwin. Costco Wholesale Corporation’s CEO, Craig Jelinek, will step down at the end of the year. Since Jim Sinegal retired as Costco’s CEO, in Jim Sinegal, the CEO of the third-largest U. </p> Yes, he often answers his own phone, as do other long-time executives including Richard Galanti, who has been Costco's chief financial officer since 1985. ‣ That vision led to Costco’s new CEO reveals his winning strategy to steer the legacy retail brand into its next era: ‘We can’t become arrogant’ Costco Wholesale said on Wednesday CEO Craig Jelinek would step down from his role by the end of the year and be succeeded by operations head Costco shareholders overwhelmingly rejected a proposal to eliminate DEI programs, emphasizing their importance despite political pressure and claims of financial risk. 1, 2024, after 11 years on Costco Wholesale Corp. Isn’t it Weird That Just a month before hosting last week’s Obama DNC fundraiser at his Hunts Point home, Costco board member and former ISSAQUAH, Wash. Contributions in the 2020 cycle: $2,638,117. Fans rejoiced! But this week, 19 states AGs sent them a letter warning Overview Stock Info Financials Executive Management Resources As of 12/4/2025 Costco CEO Ron Vachris received a total compensation package worth $12. Vachris has been a director of the Company since February 2022, and Chief Executive Officer and President since January 2024. Find the composition of the Board of Directors of Costco Wholesale Corporation (Nasdaq Stock Exchange), the gender parity as well as the age distribution of the insiders. Sinegal’s path to co-founder and former CEO of Costco began in 1955. All told, a new Costco CEO may not impact your shopping experience in the near term. Costco's lawsuit against the president's signature economic policy has sowed discord among its unusually loyal membership. Ron M. Costco Wholesale operates with a hierarchical organizational structure led by Ron Vachris who is the new CEO of Costco. said Chief Executive Officer Craig Jelinek will step down after over a decade at the helm during which shares and revenue Sinegal was one of the principal founders of Costco in 1983. 1, 2024. Ron Vachris, Costco’s president A Costco board member has taken aim at companies rolling back diversity, equity and inclusion (DEI) policies, calling for businesses to “maximize” DEI instead as the wholesaler faces A Costco board member has taken aim at companies rolling back diversity, equity and inclusion (DEI) policies, calling for businesses to “maximize” DEI instead as the wholesaler faces #Costco #inflation #yahoofinance Costco CEO Craig Jelinek speaks with Yahoo Finance anchor about the success of his company in 2022 and his reaction to Costc Company profile for Costco Wholesale Corp. Lobbying in 2019: $280,000. Mr. One of Costco's most popular perks is its "risk-free 100% satisfaction guarantee" return policy. Have you Setting the tone for that culture is CEO Craig Jelinek. NDP Leader Jagmeet Singh is slamming the federal Liberals for giving nearly $26 million to Costco COST-Q and Loblaw L-T for energy-efficient appliances. Costco announced on Wednesday that their CEO, Craig Jelinek, will be stepping down from his position effective January 1, 2024. 2 million this year. Costco Wholesale organization profile: contributions by party of recipient, by source of funds, and affiliates. He started his career as a grocery bagger at FedMart, where he discovered that he loved . Costco ’s Craig Jelinek is stepping down as CEO, the company announced Wednesday. 50, the same price it’s been for nearly four decades, regardless of who Chief Operating Officer Ron Vachris, a 40-year Costco veteran who started with the retailer as a forklift driver, is his replacement. President and COO Ron Vachris will take over the role in From forklift driver to CEO, Ron Vachris built a career at Costco that began in 1982 and continues to reflect people, culture, and steady leadership. He started at the company as a forklift driver in the 1980s. Ron Vachris, Costco's CEO since 2024, is known for taking calculated risks. ISSAQUAH, Wash. He’s the co-founder and former CEO who Seattle-based Costco Wholesale and its affiliate, Costco Travel, gave $380,756 in political donations during the 2022 elections cycle, according Before retiring, Costco's Jim Sinegal insisted on being paid less than other CEOs, saying that large pay gaps between employees were bad for Since Costco is a popular retailer with millions of customers around the world, you may be wondering - is Costco ethical? Ron Vachris, President and COO of Costco on January 1, 2024 will take over as Chief Executive Officer. Costco defied Trump's administration by supporting DEI programs and Craig Jelinek, who has been Costco’s CEO since 2012, just announced he will step down after the year’s end. Republican attorneys general from 19 states want Costco Wholesale to ditch its diversity, equity and inclusion efforts, making the call days after the retailer successfully defended its DEI Vi skulle vilja visa dig en beskrivning här men webbplatsen du tittar på tillåter inte detta. retailer is retiring next year. The Company’s Response Is Remarkable By looking inward instead of blaming employees, Costco’s CEO Explore Costco’s executive team and their roles in leading a global retail giant. Ron Vachris, the company’s chief executive, discusses Costco’s company culture and the making of Kirkland Signature brand. 1, 2024 Costco’s new CEO reveals his winning strategy to steer the legacy retail brand into its next era: ‘We can’t become arrogant’ ISSAQUAH, Wash. 2 million this year, including a complimentary Executive Membership card. Lobbying since 1998: $0. James Sinegal was the co-founder of Costco discount warehouse stores in 1983, and he has been the retail chain’s leader and CEO ever since. The Board of Directors has elected Ron Costco Wholesale Corp Officers & Directors Daniel M. Vachris started at Costco as a forklift driver in 1982 while he attended Costco Wholesale Corporation announced that after 11 years as CEO, Craig Jelinek will step down from his position effective January 1, 2024. 8 million in 2023, while the median employee made $50,202 in pay and benefits. Here are five key lessons entrepreneurs can take away from his legacy. Vachris is a 40-year Costco veteran who started as a forklift A CEO is an unlikely hero for progressive activists, but the left has canonized Costco's James Sinegal with an Internet meme celebrating his Costco CEO Craig Jelinek speaks with Yahoo Finance about the success of his company in 2022 and his reaction to Costco being named Yahoo Finance's 2022 Company of the Year. Outside Spending: $0. Craig Jelinek, the CEO of Costco (COST), gave a rare, exclusive interview to CNBC on Monday morning. SWITCH UP ‘We are fortunate’ Costco CEO admits after huge change starts at store – and it’s only 3rd time switch has ever happened Costco plans on opening many locations in which I believe is too quick on promoting mongers that aren’t qualified, we have so many programs to push The top Costco shareholders are Hamilton E. , and a Senior Vice President and COO for MediaOne. Under CEO Craig Jelinek, Costco Has Delivered for Customers and Employees By Andrew Bary Follow June 25, 2021, 8:26 pm EDT MSN Ron Vachris took over as Costco CEO in 2024, following a 40-year journey from warehouse floors to the top of one of retail's most admired Company Profile Costco Wholesale Corporation operates an international chain of membership warehouses, mainly under the "Costco Wholesale" name, that carry quality, brand-name The heads of Canada's five largest grocery chains have "agreed to work with" the federal government to stabilize food prices, Costco’s new CEO reveals his winning strategy to steer the legacy retail brand into its next era: ‘We can’t become arrogant’ While Costco cannot alter this terrible event, or others like it, we believe all individuals and organizations can use this moment as a catalyst for change. But how wealthy is the CEO, and what does the typical The Costco CEO rose from forklift driver to the C-suite—and this year fought off challenges to the company's DEI policies, while offering workers high Ron Vachris is Costco's third CEO in its 40-year history. Costco's chairman of the board donated hundreds of thousands of dollars to Democrats in the last election cycle, and multiple other board Costco predominantly contributed to Democratic congressional and federal candidates, with 68. At Costco headquarters in Issaquah, all 7,000 headquarters employees sit in cubicles, including the chief executive officer. He is set to be replaced by Ron Vachris, who is currently president and COO, Nineteen Republican attorneys general are urging Costco Wholesale to eliminate its diversity, equity, and inclusion (DEI) efforts, days after the retailer Longtime Costco CEO Craig Jelenik will step down as of Jan. Craig Jelinek (pictured) has announced his plan to step down as CEO of Costco Wholesale Corporation, effective Jan. Costco CEO Ron Vachris attributes the leadership lessons he practices today — including management and strategic thinking — to a Price Costco has only ever had insider CEOs Current COO Ron Vachris will succeed CEO Craig Jelenik on Jan. The company's CEO, Ron Vachris, Seattle-based Costco Wholesale and its affiliate, Costco Travel, gave $380,756 in political donations during the 2022 elections cycle, according Ron Vachris is the third CEO in Costco’s history and a company lifer who is now pushing the wholesale club to higher revenues. Last June Costco CEO pays his employees $17 hour plus benefits and resists Wall Street demands to cut pay and benefits. Costco shareholders overwhelmingly rejected a proposal to probe its diversity, equity and inclusion practices for legal risks. Craig Jelinek is playing the long game, keeping value at the core of Costco’s mission. The money came from the Liberal Ron Vachris does not fit the profile of a typical risk-taking executive. Outside Spending in the Costco's CEO – bringing value and values to the nation Best Leaders 2025: Ron Vachris When Ron Vachris was a young man, his father Costco board members donated heavily to Democrats in 2024 election cycle The company's board of directors unanimously asked Costco Wholesale organization profile. Costco's earnings are up and despite tariffs, management feels strongly about decision to expand. As CEO, he has built the fledgling wholesale shopping center into the largest such organization in the United States, outpacing both Costco has claimed victory in pushing back on a shareholder proposal that urges the wholesale club operator to conduct an evaluation of any Discover the evolution of leadership at Costco with a detailed look at the last five CEOs, their tenure, compensation packages, and notable Richard Galanti, Costco's CFO, once said the price of the retailer's $1. View detailed COST description & address. Costco is facing its own threat as some believe DEI initiatives present “litigation, reputational and financial risks to the company,” the outlet reported. Issaquah, Wash. And the Before retiring, Costco's Jim Sinegal insisted on being paid less than other CEOs, saying that large pay gaps between employees were bad for business. Wondering what makes Costco so successful? Here is an analysis of Costco's mission statement, vision statement, and core values. His last day will be Jan. Costco CEO Craig Jelinek painted a mixed picture Monday, one in which consumers are more vigilant but inflation is cooling. Key Highlights Delve into Costco's executive management insights and leadership dynamics. Jim Sinegal, the famously accessible co-founder and CEO of Costco, sat down at the company's Issaquah headquarters recently to answer questions about the country's third-largest Craig Jelinek joined Costco in 1984, helped grow the warehouse chain into a $254 billion behemoth, and will step down as CEO after an 11-year run. [1] Costco CEO Craig Jelinek Wraps Up Tenure With Robust $16. "We're not disappointed in our employees; Craig Jelinek joined Costco in 1984, helped grow the warehouse chain into a $254 billion behemoth, and will step down as CEO after an 11-year Costco CEO Craig Jelinek is stepping down effective Jan.
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