Lululemon CEO Steps Down, Co-CEOs Take Over
Update: 2026-01-06
Description
Lululemon Athleticas CEO, Calvin McDonald, is stepping down after six years, with CFO Meghan Frank and CCO André Maestrini taking over as co-CEOs. McDonald tripled revenue to nearly $11 billion and expanded into 30 markets. However, founder Chip Wilson criticized management for losing brand power. In 2025, US sales dropped, but China and the rest of the world saw gains. Officials warn of potential margin squeezes due to tariffs and trade rules. The search for a permanent CEO is ongoing. Checkout Solipillow.com
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