Daijiworld Media Network - Vancouver

Vancouver, Dec 12: In a significant leadership shake-up at Lululemon Athletica Inc, CEO Calvin McDonald will step down from his role on January 31, marking the end of his six-year tenure at the helm of the global athletic wear brand. McDonald will continue as a senior adviser until March 31, 2026, to ensure a smooth transition, according to AP.

The company’s board has initiated a search for his successor with the support of a top executive search firm. Until the appointment of a new CEO, board chair Marti Morfitt will assume the position of executive chair, overseeing strategic operations. Chief financial officer Meghan Frank and chief commercial officer André Maestrini will serve as interim co-CEOs.

The announcement coincides with Lululemon’s third

See Full Page