Reported 4 months ago
Costco's new CEO, Ron Vachris, who started as a forklift driver for the company 41 years ago, has taken the reins of the retail giant. Vachris, only the third CEO in Costco's history, has played a pivotal role in the company's success, with net sales doubling to $238 billion between 2016 and 2023. He emphasizes a leadership style based on listening to employees and trusting their expertise, aiming to drive international expansion and improve e-commerce. Vachris prioritizes maintaining Costco's strong culture and employee loyalty, recognizing the value of institutional knowledge and loyalty in achieving continued success.
Source: YAHOO