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New Costco CEO: I'm Not Jim Sinegal

"I can't be Jim Sinegal, I can only be Craig Jelinek," says the incoming CEO of Costco Wholesale Corp. "Nor am I interested in 'making my mark' on this company. I've spent 28 years working with 'the legend,' and hopefully I've learned a lot from him."

Sinegal, 75, the co-founder of Costco, announced plans earlier this month to retire on Jan. 1, though he will stay on for a year in an advisory capacity. Costco operates three businesses, Jelinek noted -- the core warehouses (521 in the U.S., 63 outside the U.S.); eight business centers in the Western U.S.; and an e-commerce business -- "so there's enough on our plate that's working for us to stay focused on what we're doing now," he told SN.

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