February 4, 2010
New Costco Prez Seen as Sinegal's Successor, Maybe
FROM RETAILWIRE:
In some cases it's hard to separate certain chief executives from their companies, as with Costco where Jim Sinegal is synonymous with a mention of the retailer's name. Do you see Craig Jelinek as a good choice to replace Jim Sinegal when he eventually steps down from Costco?
MY COMMENTARY:
Speculation regarding Mr. Sinegal's departure seems premature (the key word IS "eventually"). I don't see him letting go of the reigns anytime soon and when he finally does, a new cast of candidates, both internal and external, will no doubt come to the fore. Retail moves fast and so do retail executives when they get tired of waiting.
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