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|lululemon athletica inc. Appoints Calvin McDonald Chief Executive Officer|
Proven leader from Sephora Americas selected to fuel long-term growth for iconic brand
“Calvin McDonald has an impressive track record leading organizations
through periods of significant growth and innovation. He is the ideal
match for the lululemon brand and culture given his strong consumer
mindset, performance-driven approach, and success developing people,”
Under Mr. McDonald’s leadership, Sephora delivered double-digit growth
year after year, expanded its product offerings, created new digital
platforms and store experiences, and expanded in global markets,
“I’m joining lululemon at an exciting time, with the brand’s strong business momentum, guest loyalty and passionate employees,” said Mr. McDonald. “I look forward to working with the talented team at lululemon to deliver long-term growth through great product, constant innovation, and serving guests however they choose to engage with us, today and into the future.”
Mr. Murphy returns to serving as non-executive Chairman of the Board and
will ensure a smooth leadership transition. The three executives,
“On behalf of the Board and employees of lululemon, we all would like to thank Celeste, Stuart and Sun for their strong leadership that helped us achieve our stellar performance this year, and we look forward to their continued contributions,” Mr. Murphy added.
Prior to joining Sephora in 2013, Mr. McDonald spent two years as
President and CEO of
A triathlete, Mr. McDonald, 46, was born in
The company will release its financial results for the second quarter of
fiscal 2018 on
About lululemon athletica inc.
Source: lululemon athletica inc.
|"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.|