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Lululemon CEO Out: Founder Claims Victory!
20 Dec
Summary
- CEO Calvin McDonald to depart Lululemon on January 31, 2026.
- Founder Chip Wilson publicly criticized past leadership decisions.
- Stock has rallied since the CEO departure announcement.
Calvin McDonald will resign as CEO of Lululemon on January 31, 2026, with the company's board actively seeking a replacement. Meghan Frank and André Maestrini have been appointed interim co-CEOs. This leadership transition follows significant public criticism from Lululemon's founder, Chip Wilson, who asserted that McDonald's tenure was marked by "years of poor decisions" and a lack of innovation.
McDonald assumed the CEO role on August 20, 2018. During his leadership, Lululemon's stock increased by approximately 50%, a performance that significantly trailed the S&P 500's 138% rise within the same period, particularly impacted by the stock's recent decline.
Beyond management changes, Lululemon is contending with adverse economic conditions. Reduced consumer spending on non-essential goods poses a challenge, potentially affecting demand for the company's premium-priced apparel.
