What does it take to get a new CEO?
Costco’s human resources department is hoping to recruit an experienced CEO who has experience running a retail store.
CEO Kevin Fagan is the first in the company’s history to succeed in the role of CEO.
He’s been with the company for 18 years, but has had little success in the retail field.
In addition to his leadership skills, Fagan was also the first to sell and launch a smartphone, but that hasn’t been a popular experience for customers.
Costco has been searching for a new chief executive since January.
Fagan was expected to take over for CEO Kevin Costello in July, but the company says he is not expected to return to the company in 2019.
But the company said it is hopeful Fagan can help it achieve the goals it set for itself last year, such as increasing its customer loyalty and making more money.