Lululemon said Laurent Potdevin, most recently the president of Toms, will be its new CEO starting in January 2014. It also said controversial founder Chip Wilson will relinquish his role as non-executive chairman but will remain on the retailer’s board.
Since March, the yoga-wear company has been hit with a series of setbacks. For the first time ever, it is being forced to confront hard questions about its performance and future.
High-end yoga-wear maker Lululemon is advertising for a new CEO. Apply online if you have Bill Clinton and Oprah Winfrey on speed dial.
Lululemon shocked Wall Street for the second time in four months with the surprise announcement that Chief Executive Christine Day would be leaving the company.
Christine Day plans to leave the expensive yoga-wear maker after more than 5 years as its chief executive officer. The move follows a major recall of yoga pants for being too sheer.