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|lululemon athletica Appoints Marti Morfitt to Board of Directors|
VANCOUVER, British Columbia, Dec 18, 2008 (BUSINESS WIRE) --
lululemon athletica inc. [NASDAQ: LULU; TSX: LLL] announced that it has appointed Marti Morfitt to the company's Board of Directors. Ms. Morfitt's appointment expands lululemon athletica's board to ten members.
Ms. Morfitt has more than 25 years of experience in leading consumer companies, most recently as the president and chief executive officer at CNS, Inc., a consumer health care products company. While at CNS, Ms. Morfitt repositioned the Breathe Right brand and more than tripled CNS' net sales. She also held positions of increasing responsibility at The Pillsbury Company. Ms. Morfitt has served on nine boards since 1992, and currently serves on the boards of Graco, Inc., Thermage, Inc., and Life Time Fitness, Inc.
Chip Wilson, Founder and Chairman of lululemon athletica, commented, "We are very pleased to have Marti Morfitt join our board of directors. Marti has had an impressive career in the retail and consumer industries and has strong experience advising global companies. We are looking forward to the valuable perspective she will provide to lululemon."
About lululemon athletica inc.
lululemon athletica (NASDAQ:LULU; TSX:LLL) is a yoga-inspired athletic apparel company that creates components for people to live longer, healthier and more fun lives. By producing products that help keep people active and stress free, lululemon believes that the world will be a better place. Setting the bar in technical fabrics and functional designs, lululemon works with yogis and athletes in local communities for continuous research and product feedback. For more information, http://www.lululemon.com.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions, such as statements regarding our future financial condition. In many cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "intends," "estimates," "predicts," "potential" or the negative of these terms or other comparable terminology. These forward-looking statements are based on management's current expectations but they involve a number of risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements as a result of risks and uncertainties, which include, without limitation, those risk factors detailed in our filings with the Securities and Exchange Commission, including risk factors contained in our Annual Report on Form 10-K for our 2007 fiscal year, and other filings we make with the SEC. Our filings with the SEC are available at www.sec.gov. You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements made herein speak only as of the date of this press release and the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
SOURCE: lululemon athletica inc.
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|"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding lululemon athletica inc (PR)'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.|