// Lululemon begins search for new chief financial officer after Patrick Guido steps down
// Guido first joined the Vancouver-based sportswear retailer in 2018
Lululemon has announced that its chief financial officer Patrick Guido will be stepping down to take up a new role outside of the fashion sector.
Guido first joined the Vancouver-based sportswear retailer in 2018.
Lululemon has now commenced the search process for someone to replace him, and said it would consider both internal and external candidates.
In the meantime, Lululemon’s senior vice president of financial planning Meghan Frank and vice president and controller Alex Grieve will lead the athleisure giant’s finance team on an interim basis.
Both will report to Lululemon chief executive Calvin McDonald.
“I want to express my confidence in Lululemon’s leadership team and the strength of our business model, which is enabling us to effectively navigate Covid-19 while continuing to invest in our Power of Three growth strategy,” McDonald said.
“We are confident Lululemon will attract an experienced chief financial officer who has successfully guided a broad-based portfolio.”