Friday, March 16, 2012
One of the nation’s most admired business leaders, Costco Wholesale co-founder and retired CEO Jim Sinegal, has joined the Albers School of Business and Economics as its first Senior Executive in Residence.
During his three-year term, Sinegal will serve as a guest speaker for Albers courses, clubs and student organizations. He will mentor students, lead a faculty seminar, assist in developing a case study on Costco and advise on planning for the Albers Executive Speaker Series.
SU President Stephen Sundborg, S.J., calls Sinegal’s residency a great academic opportunity for the campus community, and another act of service by Sinegal to the university.
“Jim has been an extraordinary friend to the university, and now by his residency, our students, faculty and staff will benefit from direct access to one of the true innovators in retailing and global business,” says Sundborg.
Sinegal has supported Seattle University in immeasurable ways. He served on the Board of Trustees for two decades prior to accepting this unpaid faculty appointment and co-chaired the largest capital fundraising campaign in the university’s history. A generous donation from Sinegal and his wife Janet established the Clinical Performance Lab for the College of Nursing. He was the catalyst for creation of the Seattle University Youth Initiative. Last year, SU conferred its most prestigious and highest honor, the St. Ignatius Medal, to Jim and Janet Sinegal in recognition and appreciation for their outstanding leadership, service and support. Sinegal and Costco co-founder Jeff Brotman co-created the Costco Scholarship Fund at SU and the University of Washington. Since its start in 2000, more than 1,000 underrepresented minority students have benefited from the fund.