Lululemon names Sephora executive Calvin McDonald as new CEO

NEW YORK — Lululemon named Calvin McDonald as CEO Tuesday, more than five months after the maker of yoga tights said its previous chief executive resigned for falling short of the company's standards of conduct.

McDonald, 46, served as president and CEO of makeup retailer Sephora for the past five years. Before that, he worked at Sears Canada. He'll join Lululemon on August 20.

Former CEO Laurent Potdevin left Lululemon in February, and the company provided no details of what conduct led to his resignation. The company, based in Vancouver, British Columbia, has posted strong financial results in recent quarters after it redesigned its website and made tweaks to its designs, helping to attract more shoppers.

Shares of Lululemon Athletica Inc., which have nearly doubled in the last year, rose 1 percent to $124.40 in after-hours trading Tuesday.

Related News

Some vacation spots quietly benefit as travelers avoid Zika

Aug 23, 2016

Zika fears are leading some to book away from the Caribbean and Florida

Rhode Island sues to get Russian sub removed from scrapyard

Aug 23, 2016

Rhode Island environmental officials are suing to get the hollowed-out hull of a Russian submarine removed from the site of a Providence scrapyard

Farm safety top priority with farm tourism on the rise

Aug 24, 2016

Connecticut officials are joining other states in educating local farmers about how to mitigate public health risks as more people visit their farms

Search

About Us

Tale Out is your go-to website when it comes to global travel and lifestyle news. If you need suggestions for the most relaxing places for vacation or some zen spa retreat, we have it all here in Tale Out.

Contact us: sales@taleout.com