Costco’s CEO, co-founder Jim Sinegal to retire

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 humble, frank and feisty.

“It’ll be an upgrade,” Sinegal joked about being replaced as CEO on Jan. 1 by President and Chief Operating Officer Craig Jelinek. “He is well-liked and smart and energetic and all the things that I used to be.”

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(As reported in The Seattle Times)