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Costco CEO Jim Sinegal to retire
Issaquah, Wash. -- Jim Sinegal, the much-admired CEO and co-founder of Costco Wholesale Corp., plans to step down effective Jan. 1. The chain said its board has elected the company's current president and COO, Craig Jelinek, to succeed Sinegal.
“Costco has a very strong culture and a deep bench of management talent," said Sinegal. "I have total confidence in Craig's ability to handle his new responsibilities and feel we are fortunate as a company to have an executive of his caliber to succeed me as chief executive of Costco."
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The Melt, San Francisco
The Melt, a new quick-serve restaurant in San Francisco, is built around a basic but classic menu option: the grilled cheese and soup combination. But it leverages the latest technology to provide ordering convenience and innovative food preparation, delivering made-to-order grilled cheese sandwiches and soups in less than 90 seconds.