LULU Taps Nike Veteran Heidi O’Neill As CEO But Retail Has Doubts Amid Rising Competition
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lululemon athletica (LULU) has tapped longtime Nike veteran Heidi O'Neill as its next chief executive officer, the company announced Wednesday, amid a push from its founder for larger leadership changes at the athleisure maker. Shares of the company fell 4% after hours after closing down 2% in normal trading. O'Neill, a 30-year veteran of the performance apparel and sport industry, will take the helm on September 8, 2026, and will also join the company's board of directors. She will be based in lululemon's Vancouver headquarters. The appointment follows an extensive board-led search and comes after current interim co-CEOs Meghan Frank and André Maestrini have steered the company since the surprise departure of former CEO Calvin McDonald earlier this year. Frank and Maestrini will return to their previous senior leadership roles once O'Neill starts. During more than 25 years at Nike, O'Neill rose to President of Consumer, Product & Brand, where she oversaw global product strategy, brand voice, digital commerce, and operations across more than 170 countries. She previously held marketing roles at Levi Strauss & Co.'s Dockers brand and currently serves on the boards of Spotify, Hyatt Hotels, and Lithia & Driveway. lululemon athletica's board faced intense public pressure from both its billionaire founder, Chip Wilson, and...
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