US EditionLululemon Athletica CEO to step down, lifts annual targets
Calvin McDonald will leave after seven years amid U.S. sales decline and competition; Lululemon raised full-year revenue guidance and approved a $1 billion stock buyback increase.
- On December 11, 2025, lululemon athletica inc. announced Calvin McDonald will step down as Chief Executive Officer and Board member, effective January 31, 2026, remaining senior advisor through March 31, 2026.
- The lululemon Board of Directors announced a CEO search with a leading executive search firm, appointed Marti Morfitt, Chair of the Board, as Executive Chair, and named Meghan Frank, Chief Financial Officer, and André Maestrini, Chief Commercial Officer, interim co-CEOs.
- Since 2018, McDonald has guided lululemon through significant growth, tripling revenues, expanding to over 30 geographies, and growing lululemon's China Mainland business as its second largest market.
- In investor communications today, the company issued third quarter fiscal 2025 results and will host a conference call at 4:30 p.m. Eastern Time with dial-in numbers and a live webcast; a replay will be available online for 30 days.
- The Board said it seeks a leader with growth experience and the press release includes the company's forward-looking statements and risk disclosures about leadership integration and strategy execution.
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79 Articles
Lululemon’s shares spike on CEO’s resignation — as founder warns of potential proxy battle
Lululemon Athletica's shares spiked Friday after the company’s CEO Calvin McDonald announced his resignation amid declining US sales, with its founder putting the board on notice about a potential proxy battle.
Fox Business
The New York LedgerLululemon CEO Calvin McDonald to step down
Lululemon Athletica Inc. announced Thursday that CEO Calvin McDonald is stepping down early next year as the brand struggles to compete in the highly competitive sector.McDonald will step down on Jan. 31, 2026, but will continue to serve as a senior advisor to the company through March 31. Lululemon Chief Financial Officer Meghan Frank and Chief Commercial Officer André Maestrini will serve as interim co-CEOs as the board of directors looks for …
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