Lululemon Athletica Inc. has announced appointment of Sephora executive Calvin McDonald as the new CEO to lead the surging yogawear brand.McDonald will replace former Lululemon CEO Laurent Potdevin, who resigned from the company in February under misconduct allegations, leaving behind both a strong growth record at...
Lululemon Athletica Inc. has announced appointment of Sephora executive Calvin McDonald as the new CEO to lead the surging yogawear brand.
McDonald will replace former Lululemon CEO Laurent Potdevin, who resigned from the company in February under misconduct allegations, leaving behind both a strong growth record at the retailer and a shaken brand image.
For the past five years, McDonald served as President and CEO of America division for Sephora, an acknowledged growth engine within the LVMH family of global luxury brands. McDonald will become a member of lululemon’s Board of Directors.
“Calvin McDonald has an impressive track record leading organizations through periods of significant growth and innovation. He is the ideal match for the lululemon brand and culture given his strong consumer mindset, performance-driven approach, and success developing people,” said Glenn Murphy, chairman of the Board of Directors of lululemon.
New CEO is good news for Lululemon, as it looks to reinstate its image and expand its international presence.
Although the retailer continued to grow after departure of its ex CEO Potdevin, moving on with a new CEO could help put those brand-image problems to rest. McDonald has the chance to prove to consumers that Lululemon is not only a female-focused brand, but also respects the female consumers it’s catering to.
In the tenure that McDonald worked at Sephora, the company launched the Sephora Accelerator program focusing on supporting female entrepreneurs in the beauty space. Under McDonald’s leadership, Sephora delivered double-digit growth year after year, expanded its product offerings, created new digital platforms and store experiences, and expanded in global markets, including Brazil and Mexico, as it became the recognized market leader in North and South America.
“I’m joining lululemon at an exciting time, with the brand’s strong business momentum, guest loyalty and passionate employees,” said McDonald. “I look forward to working with the talented team at lululemon to deliver long-term growth through great product, constant innovation, and serving guests however they choose to engage with us, today and into the future.”