Lululemon names former Nike executive Heidi O'Neill its next CEO.
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Lululemon names former Nike executive Heidi O'Neill its next CEO. Athletic retailer looks to move beyond a turbulent period of slowing growth and investor unrest Bloomberg News Lily Meier Published Apr 22, 2026 Last updated 1 hour ago Article content Lululemon Athletica Inc. named Heidi O'Neill its new chief executive on Wednesday as the athletic retailer looks to move beyond a turbulent period of slowing growth and investor unrest. Article content O'Neill, who was most recently Nike Inc.'s president of consumer, product and brand, will take over as permanent CEO on Sept. 8, the company said in a statement. Calvin McDonald, who had led Lululemon since 2018, left his post in January and went on to lead a beauty business. Article content Advertisement 1 Story continues below Article content Lululemon shares dropped as much as seven per cent in postmarket trading. The shares had fallen more than 21 per cent so far this year as of Wednesday's close. Article content FP Work touches on HR strategy, labour economics, office culture, technology and more. Interested in more newsletters? Browse here. Article content "What drew me to this role - and what I believe is Lululemon's greatest opportunity - is the intersection of extraordinary product, design and community," O'Neill said in a letter sent to Lululemon employees reviewed by Bloomberg News. Article...
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