- Lululemon CEO Calvin McDonald will step down at the end of January, the company said.
- The board is launching a comprehensive search for Lululemon's next CEO.
- CFO Meghan Frank and CCO André Maestrini will serve as interim co-CEOs after McDonald leaves.
Calvin McDonald, CEO of Lululemon, is stepping down from that role at the end of January, the company announced Thursday.
McDonald is also stepping down from the board of directors and will serve as an advisor to the company through March.
Lululemon's board is conducting a "comprehensive search process" for its next CEO, the company said.
Marti Morfitt, the board chair, will immediately take on the role of executive chair to "to ensure the continued execution of the company's near- and long-term growth strategy during the leadership transition," the company said.
Lululemon CFO Meghan Frank and CCO André Maestrini will be interim co-CEOs after McDonald steps down.
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