"Calvin McDonald, CEO of Lululemon, is stepping down from that role at the end of January, the company announced Thursday. McDonald is also stepping down from the board of directors and will serve as an advisor to the company through March. Lululemon's board is conducting a "comprehensive search process" for its next CEO, the company said. Marti Morfitt, the board chair, will immediately take on the role of executive chair"
"Lululemon CEO Calvin McDonald will step down at the end of January, the company said. The board is launching a comprehensive search for Lululemon's next CEO. CFO Meghan Frank and CCO André Maestrini will serve as interim co-CEOs after McDonald leaves. Calvin McDonald, CEO of Lululemon, is stepping down from that role at the end of January, the company announced Thursday. McDonald is also stepping down from the board of directors and will serve as an advisor to the company through March."
Calvin McDonald will step down as Lululemon CEO at the end of January and will leave the board while serving as an advisor through March. The board has launched a comprehensive search process for a new chief executive. Marti Morfitt, the board chair, will immediately assume the role of executive chair to ensure continued execution of the company's near- and long-term growth strategy during the leadership transition. Chief Financial Officer Meghan Frank and Chief Commercial Officer André Maestrini will serve as interim co-CEOs after McDonald departs. Updates will follow as the transition proceeds.
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