Lululemon CEO to Exit as U.S. Growth Slows
Calvin McDonald will step down from the top job at the end of LULU’s fiscal year on Jan. 31, the company revealed before reporting Q3 results, and will be succeeded on an interim basis by CFO Meghan Frank and president and CCO André Maestrini as acting co-CEOs. A search for a permanent successor to McDonald has already started. Board chair Marti Morfitt will expand her role to executive chair, effective immediately, to oversee the leadership transition. The news comes just weeks after LULU’s president of the Americas, Celeste Burgoyne, jumped ship ... Log in to view full article.