Lululemon Athletica Unveils New CEO Succession Plan

Bassyonni

ago 17 minutes

Lululemon Athletica Inc. has announced a major leadership transition with the planned departure of CEO Calvin McDonald. Effective January 31, 2026, McDonald will step down from his role as Chief Executive Officer and Board member. He will continue to support the company as a senior advisor until March 31, 2026.

CEO Succession Plan

The Board of Directors is currently engaged in a comprehensive search for McDonald’s successor, partnering with an executive search firm to identify suitable candidates. Marti Morfitt, Chair of the Board, will assume the position of Executive Chair immediately to manage the ongoing growth strategy during this transition phase.

Interim Leadership

Following McDonald’s departure, two senior leaders will take on the role of interim co-CEOs. Meghan Frank, currently the Chief Financial Officer, and André Maestrini, Chief Commercial Officer, will lead the company during the search for a new CEO. Both Frank and Maestrini have extensive experience in the retail sector and have contributed significantly to Lululemon’s recent successes.

McDonald’s Tenure

Calvin McDonald joined Lululemon in 2018 and has overseen remarkable growth, with the company’s annual revenues more than tripling during his tenure. Lululemon anticipates generating $11 billion in revenue this fiscal year. Under McDonald’s leadership, the company expanded its presence to over 30 markets globally and established China as its second largest market.

Revenue Growth: Lululemon’s annual revenue tripled under McDonald.
Global Reach: The company operates in over 30 countries.
Market Expansion: China is now the second largest market for Lululemon.

Additionally, McDonald expanded the company’s product line into activities such as tennis and golf, enhancing both athletic and lifestyle categories. His contributions have positioned Lululemon well for future growth and shareholder value.

Future Direction

Morfitt expressed gratitude for McDonald’s visionary leadership and contributions. She emphasized the Board’s confidence in executing the CEO succession plan, aimed at maintaining momentum in Lululemon’s strategic objectives.

As the search for the new CEO proceeds, the company remains committed to a seamless transition, ensuring a continuity of leadership that will drive business advancement.