Lululemon names new CEO

Lululemon CEO

Lululemon has announced a new chief executive to replace Laurent Potdevin, selecting former Sephora boss Calvin McDonald to take on the role.

It comes after Potdevin resigned abruptly in February, amid numerous allegations that he “fell short” of “standards of conduct”.

McDonaldn joins the Canadian activewear retail giant after serving five years as president and chief executive of the Americas for Sephora.

Prior to that, he was president and chief executive of Sears Canada.

McDonald will also join Lululemon’s board.

“Calvin McDonald has an impressive track record leading organisations through periods of significant growth and innovation,” Lululemon chairman Glenn Murphy said.

“He is the ideal match for the Lululemon brand and culture given his strong consumer mindset, performance-driven approach, and success developing people.

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