A little more than one year into Ron Vachris’ tenure leading Costco, he is already supercharging the company’s revenue.
Vachris began his career as a forklift driver in his teens for Price Club, which Costco merged with in 1993. Only the third CEO in Costco history, he is a true company lifer with more than 40 years of experience at the wholesale club.
In the vein of longtime former CEO Jim Sinegal, Vachris likes to take a more hands-off approach to leadership, trusting employees to perform well and even innovate.
“Digital and technology are important parts of our future growth, and we are investing to improve the member experience,” Vachris said on the company’s third-quarter earnings call.
