The boss of Lululemon Athletica, the brand known for its expensive yoga leggings and other sports clothing, is to leave the company early next year.
Calvin McDonald, the firm's chief executive, will depart at the end of January after more than seven years at the helm.
The decision comes amid a run of poor sales for Lululemon in the US, its main market, in recent times and its share price falling almost 50% in the past year.
However, this week the company upgraded its annual revenue forecast after better-than-expected sales in the past few months.
Mr McDonald said the decision to leave the company was taken after discussions with the board.
