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Lululemon appoints new CEO

Canadian activewear giant Lululemon has appointed former Sephora boss Calvin McDonald as its new chief executive officer.

McDonald, who previously served as president and CEO of the Americas at beauty retailer Sephora for five years, replaces former CEO Laurent Potdevin, who resigned in February. McDonald will also join Lululemon’s board of directors.

Under McDonald’s leadership, Sephora saw double digit growth and achieved the number one position in market share in both North and South America, taking in $15bn (£11.4bn) revenue.

Prior to Sephora, McDonald was president and CEO of Sears Canada.

“Calvin McDonald has an impressive track record leading organisations through periods of significant growth and innovation. He is the ideal match for the Lululemon brand and culture given his strong consumer mindset, performance-driven approach, and success developing people,” commented Glenn Murphy, chairman of the Board of Directors of Lululemon.

Laurent Potdevin resigned in February 2018, with the company releasing a statement that it: “expects all employees to exemplify the highest levels of integrity and respect for one another, and Potdevin fell short of these standards of conduct.”

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