Calvin McDonald announced as new CEO of Lululemon

By sarahako ako
Share

The Canada-based apparel company, Lululemon, has named Calvin McDonald as its new CEO, CNBC reports.

Mr McDonald is set to replace Laurent Potdevin from 20 August and will also become a member of the firm’s board of directors.

A former president and CEO of Sephora, a make-up retailer based in France, Mr McDonald joins having also had previous experience in similar roles with Sears Canada for two years.

In a statement, Mr McDonald said: “I’m joining lululemon at an exciting time, with the brand’s strong business momentum, guest loyalty and passionate employees.”

See more:

New President and CEO to take over at Aecon

General Electric’s smart city platform comes to Canada

BP Canada to resume Nova Scotia operations following Atlantic Ocean spill

While at the helm of Sephora, Mr McDonald focused on growing the company into a “mobile-first” brand and it is anticipated that he will bring a similar strategy to Lululemon.

Outgoing CEO, Mr Potdevin, took over at Lululemon in 2014 during which time the firm was faced with a series of operational challenges.

The company was one of the initial brands to start the athleisure trend but as rivals such as Nike and Gap started investing heavily, Lululemon was criticised for its high prices and for not showing enough innovation.

Share

Featured Articles

Over Half of US CEOs Back Trump to Boost Global Economy

52% of US CEOs pick Donald Trump over Kamala Harris when it comes to boosting the world economy. CEOs outside of America though are equally divided

Why the Cloud is Murky for Microsoft CEO Satya Nadella

On the face of it, demand has never been higher for Microsoft Azure’s data-centre capacity. So why is Microsoft forecasting slower cloud revenue growth?

Businesses Are Scapegoat in UK Budget Tax Rises

Owners of larger businesses will shoulder burden of almost all this year’s £25bn tax hike, leading to estimated 50,000 job losses and lower pay awards

What Can McDonald's CEO Do to Win Back Trust?

Leadership & Strategy

5 Things Spelling Trouble for Alphabet CEO Sundar Pichai

Technology & AI

How Standard Chartered CEO Bill Winters Is Shaking Things Up

Leadership & Strategy