Lululemon Announces New CEO, Shares Drop 13% Amid Concerns Over Leadership Change

Lululemon's stock fell 13% after announcing Heidi O'Neill, a former Nike executive, as its new CEO. The move comes amid challenges including brand saturation, competition, and supply chain issues. O'Neill's past role in Nike's failed direct-to-consumer pivot has raised concerns among investors.

By Jeremy Bowman · Motley Fool · April 24, 2026, 16:06 UTC

Tickers: $LULU $NKE

Topics: CEO Change Lululemon Market Reaction Nike Stock Performance

Read the full article at Motley Fool

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