Lululemon CEO Calvin McDonald Steps Down as Founder Decries Brand’s ‘Loss of Cool’

Lululemon CEO Calvin McDonald Steps Down as Founder Decries Brand’s ‘Loss of Cool’

Lululemon CEO Calvin McDonald will step down amid slowing sales, tariff pressures and criticism from founder Chip Wilson, sending shares sharply higher.

Lululemon founder Chip Wilson calls for board changes to help CEO search

Wilson, who remains a major shareholder in the retailer, took credit for Calvin McDonald’s departure in a statement Friday

Lululemon founder decries brand ‘erosion’ as CEO prepares to exit

Chip Wilson alleged the board and Calvin McDonald oversaw years of value destruction of the brand, though most analysts praised McDonald’s tenure.

Financial News Network - Lululemon CEO Calvin McDonald to step down

Lululemon CEO Calvin McDonald will step down in the first quarter of 2026 as the athleisure clothing brand faces significant competition challenges.Read More …

Chip Wilson, founder of lululemon, blasts retailer's succession planning

"lululemon needs revitalization and an infusion of new skills to get back to being a product-first company that creates real, long-term shareholder value." The post Chip Wilson, founder of lululemon, blasts retailer’s succession planning appeared first on Retail Insider.