SHARE

Jim Sinegal Steps Down At Costco

Costco Wholesale Corp has announced that its co-founder and chief executive, Jim Sinegal, is to step down as chief executive. Sinegal, who is to leave the firm on January 1st, will be replaced by president and chief operating officer Craig Jelinek.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.