US EditionLululemon Athletica CEO to step down, lifts annual targets
lululemon expects about $11 billion in annual revenue for fiscal 2025 as interim co-CEOs lead the company through a planned leadership transition.
- 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.
45 Articles
45 Articles
Lululemon leadership transition: CEO Calvin McDonald to step down in January; athletic wear brand wrestles with dropping sales
Lululemon CEO Calvin McDonald is stepping down January 31 amid a challenging sales year, with the board seeking a successor. The athletic wear brand reported a 2% net revenue decline in the Americas and a 13% profit fall in its third quarter, facing increased competition and market shifts. ...
The Epoch Times
NOQ ReportLululemon CEO to Step Down in January as US Sales Decrease
Lululemon Athletica’s CEO will step down in January after seven years at the helm of the premium workout and athleisure wear company, the Canadian brand announced Thursday. Calvin McDonald’s departure, expected on Jan. 31, comes amid disappointing U.S. sales, increased competition, and criticism about the company’s direction. Chief Commercial Officer André Maestrini will serve as the interim CEO while the company conducts a search for a new exec…
Associated Press News
Lululemon CEO Calvin McDonald to step down amid languishing sales in the US
Lululemon Athletica Inc, said Thursday that its CEO Calvin McDonald is stepping down effective Jan. 31 as the athletic wear maker wrestles with a year of disappointing sales.
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