Lululemon leadership transition: CEO Calvin McDonald to step down in January; athletic wear brand wrestles with dropping sales
The Times Of India·2025-12-12 13:26
The board said it is working with a leading executive search firm to find McDonald’s successor. In the interim, board chair Marti Morfitt will take on the role of executive chair immediately, overseeing the company’s growth strategy during the transition. Meanwhile, chief financial officer Meghan Frank and chief commercial officer André Maestrini will act as interim co-CEOs. The announcement came alongside Lululemon’s third-quarter earnings, which revealed a 2% decline in net revenue in the Americas, while ...