Apparel maker Lululemon Athletica Inc. on Tuesday named Calvin McDonald as its new chief executive officer, replacing Laurent Potdevin.
McDonald joins from cosmetics retailer Sephora, where he was head of the Americas region, and will start in his new role on Aug. 20. He will receive an initial annual base salary of US$1.3 million, and will be a member of the board of directors.
McDonald, 46, joins Lululemon as the company, which turned women’s yoga wear into mainstream fashion, looks to expand its online presence and offer more men’s wear to better compete with the likes of Under Armour Inc. and Nike Inc. in a cut-throat sportswear market.
“I’m joining Lululemon at an exciting time, with the brand’s strong business momentum, guest loyalty and passionate employees,” Mr. McDonald said in the statement. “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.”
Before he joined Sephora in 2013, McDonald spent two years as president and CEO of Sears Canada, and 17 years at Loblaw Companies Ltd.
“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,” Glenn Murphy, chairman of Lululemon, said in a statement.
Potdevin abruptly resigned from Lululemon in February for falling short of the company’s “standards of conduct.”
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