Lates News

Lululemon announced on Wednesday the appointment of Heidi O'Neill as the new CEO of the sportswear brand, effective September 8th. This news comes after the company has had poor performance for over a year and has been embroiled in a heated battle for control, with founder Chip Wilson publicly criticizing the company's management multiple times. After the announcement, Lululemon's stock price dropped over 5% in after-hours trading. O'Neill previously held several important positions at Nike, helping the sportswear giant achieve growth; she has also worked for Levi's, Hyatt Hotels, and Spotify.