Co-Founder, Director and Retired CEO, Costco
Jim Sinegal is the Co-Founder and Director of Costco Wholesale Corporation. He retired December 31, 2012 and is currently serving as a Company Advisor. Jim served as the Chief Executive Officer of Costco Wholesale Corp. for 27 years and has been a Director of Costco Wholesale Corp. since it’s inception.
Jim began his career in retail business in 1954. As an 18 year old college student, he went to work for the legendary retail icon Sol Price at the discount store FedMart in San Diego. Jim remained working for Price for almost 30 years before striking out on his own to start Costco with his Business Partner, Jeff Brotman.
Costco today has revenues in excess of $110 billion and operates 671 warehouses/stores in 42 states, Puerto Rico, and 9 countries. The company employs over 206,000 people worldwide and has earned the reputation as a fair and progressive employer.
Jim was named one of Business Week’s “Best Managers” in 2003. He was named Time Magazine’s 2006 list of the 100 most influential people. For 6 consecutive years from 2006 to 2011, Jim was selected as one of the 30 most respected CEO’s by Barron’s Magazine. Additionally in 2011, he was selected by Morningstar Investments as the “Outstanding CEO of the Year”.
Jim serves as Trustee for Fred Hutchinson Cancer Research Center. He is a Senior Executive in Residence at Seattle University’s Albers School and serves in a similar capacity at his alma mater, San Diego State University. Jim also serves as an advisory at the Mendoza School of Business for Notre Dame.