Costco reportedly names new president, COO

Costco has named executive Ron Vachris as president and chief operating officer, effective Feb. 2, according to an 8-K filing by the company on Feb. 3, according to a Grocery Dive report.  

Craig Jelinek, who had previously served as president, will continue to serve as CEO and a member of the board of directors.

[Read more: Costco reports significant September sales increase] 

The board also elected Vachris as a director to fill a newly-created vacancy on the board.

Vachris, age 56, previously served as executive vice president, chief operating officer, merchandising, a position he held since 2016.

He previously served as senior vice president, real estate development, from August 2015 to June 2016, and senior vice president, general manager, Northwest Region, from 2010 to July 2015.