Athleisure Company Lululemon Appoints Heidi O'Neill as New Top ...
Heidi O’Neill will join the board and begin Sept. 8 as Lululemon seeks faster product development and growth amid competition and a declining share price.
- On Wednesday, Lululemon Athletica Inc. named former Nike Inc. executive Heidi O'Neill as its new chief executive officer, effective September 8, 2026, when she will also join the board.
- O'Neill's appointment concludes a four-month search process that began following former CEO Calvin McDonald's departure late last year, after the company faced months of criticism about its management and performance.
- During her 25-year tenure at Nike, O'Neill helped grow the brand from $9 billion to $45 billion in sales. Lululemon selected her for her 'success delivering breakthrough ideas and initiatives at scale,' with a $1.4 million base salary.
- Until September, interim co-CEOs Meghan Frank and André Maestrini will continue to lead the business, then return to their previous roles as chief financial officer and chief commercial officer, respectively.
- Shares have fallen more than 21% this year as of Wednesday's close, while the board navigates ongoing public criticism from founder Chip Wilson and pressure from investor Elliott Investment Management.
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Lululemon plucks Nike cast-off for CEO
Lululemon’s shares dropped 11% Thursday after the athleisure brand picked Heidi O’Neill as its new CEO, an indication the market knows what everyone in the retail business already did.O’Neill was passed over in 2024 to run Nike (Elliott Hill came out of retirement for the gig) after a quarter century at the sneaker maker. O’Neill masterminded Nike’s pivot away from wholesale, a move that ended badly when retailers started carrying all of Nike’s …
lululemon Names Proven Brand Builder Heidi O’Neill as Chief Executive Officer
O’Neill is a visionary, consumer-focused executive with more than three decades of experience leading brand strategy, product innovation, and operational execution on a global scale VANCOUVER, British Columbia--(BUSINESS WIRE)- lululemon athletica inc. (NASDAQ:LULU) today announced that,…
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