Lululemon announced on Wednesday that it has chosen former Nike executive Heidi O'Neill as its new CEO, effective in September.
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Lululemon
on Wednesday named Heidi O’Neill as the athleisure company’s new CEO, effective Sept. 8.
The news comes after the company has seen more than a year of disappointing performance and been embroiled in a dramatic proxy battle, with founder Chip Wilson criticizing the business.
Shares of the company sank more than 5% in extended trading.
In Chip WIlson' on-going proxy battle, he released a five-point plan to bring creative leadership to Lululemon. Newly picked…
Chip Wilson argues appointing Heidi O’Neill to top job could lead CEO search to be ‘examined with a refreshed board’
Donahoe graduated from Stanford Business School and was CEO at Nike from 2020-24.
Elliott has amassed a stake of more than $1 billion in Lululemon, and it has brought along Jane Nielsen as a potential CEO…
The board said it was conducting a comprehensive search in partnership with a leading executive search firm to select his…
Lululemon's founder Chip Wilson said on Monday he had launched a proxy fight by nominating three independent directors to the…
