Lululemon CEO Steps Down, New Leadership Emerges
Update: 2025-12-12
Description
Lululemon CEO Calvin McDonald to Step Down, Company Seeks New Leader Amid Sales Slump:Lululemon Athletica Inc. announced that CEO Calvin McDonald will depart at the end of January, following a year of disappointing sales. The company, based in Vancouver, is searching for a new leader with the help of a top executive search firm. Marti Morfitt, board chair, will serve as executive chair during the transition. Meghan Frank and André Maestrini will act as interim co-CEOs. Lululemon faces challenges like higher costs and increased competition, with shares rising after the announcement.
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