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Athleisure Company Lululemon Appoints Heidi O'Neill as New Top ...
Heidi O’Neill will join the board and begin Sept. 8 as Lululemon seeks faster product development and growth amid competition and a declining share price.
- On Wednesday, Lululemon Athletica Inc. named former Nike Inc. executive Heidi O'Neill as its new chief executive officer, effective September 8, 2026, when she will also join the board.
- O'Neill's appointment concludes a four-month search process that began following former CEO Calvin McDonald's departure late last year, after the company faced months of criticism about its management and performance.
- During her 25-year tenure at Nike, O'Neill helped grow the brand from $9 billion to $45 billion in sales. Lululemon selected her for her 'success delivering breakthrough ideas and initiatives at scale,' with a $1.4 million base salary.
- Until September, interim co-CEOs Meghan Frank and André Maestrini will continue to lead the business, then return to their previous roles as chief financial officer and chief commercial officer, respectively.
- Shares have fallen more than 21% this year as of Wednesday's close, while the board navigates ongoing public criticism from founder Chip Wilson and pressure from investor Elliott Investment Management.
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33 Articles
33 Articles
lululemon Names Proven Brand Builder Heidi O’Neill as Chief Executive Officer
O’Neill is a visionary, consumer-focused executive with more than three decades of experience leading brand strategy, product innovation, and operational execution on a global scale VANCOUVER, British Columbia--(BUSINESS WIRE)- lululemon athletica inc. (NASDAQ:LULU) today announced that,…
Lululemon Athletica trusts an old Nike executive after having been criticized for months for the management and results of the company.
·Montreal, Canada
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Total News Sources33
Leaning Left5Leaning Right3Center15Last UpdatedBias Distribution65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
L 22%
C 65%
13%
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