Lululemon Appoints Former Nike Executive Heidi O'Neill as New CEO
Lululemon has appointed Heidi O'Neill, a former Nike executive, as its new CEO, effective September 8. The move comes amid challenges including weak sales, increased competition, and a proxy battle with the company's founder. The stock dropped over 5% in extended trading following the announcement.
Tickers: $LULU
Topics: CEO Change Corporate Governance Lululemon Market Reaction