The head of Nike's women's business in North America, Maggie Gauger, is leaving the sneaker giant to become the CEO of Athleta.
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Gap’s
Athleta has tapped the head of Nike’s
women’s business in North America as its next CEO, delivering a blow to the sneaker company as it tries to win back more female shoppers.
Maggie Gauger, who has spent more than 20 years at Nike, is the third CEO hired to helm Athleta in the last two years as the women’s athleisure brand’s sales decline. She’ll replace Chris Blakeslee, the former Alo Yoga executive who was hired to replace Mary Beth Laughton in 2023.
Donahoe graduated from Stanford Business School and was CEO at Nike from 2020-24.
Lululemon announced on Wednesday that it has chosen former Nike executive Heidi O'Neill as its new CEO, effective in September.
Gap posted mixed fiscal second quarter results, beating on earnings per share but missing on revenue after Athleta saw sales…
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Elliott has amassed a stake of more than $1 billion in Lululemon, and it has brought along Jane Nielsen as a potential CEO…
Calvin McDonald's decision to leave at the end of January comes amid a run of poor sales for the firm in the US.
