Calvin McDonald to exit as CEO of Lululemon
In the interim, Lululemon has appointed finance chief Meghan Frank and chief commercial officer André Maestrini as co-interim CEOs
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Published: Dec 13, 2025 8:53 AM | 1 min read
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- Lululemon Athletica CEO Calvin McDonald will resign in January after nearly seven years, with no immediate successor announced.
- The company raised its annual profit forecast, resulting in a 10% increase in shares during extended trading.
- Meghan Frank and André Maestrini have been appointed as co-interim CEOs while Lululemon searches for a permanent replacement.
- Lululemon's stock has declined 61% over the past two years, facing competition from brands like Alo Yoga and private-label alternatives, while executives have expressed dissatisfaction with recent product execution and marketing strategies.
Lululemon Athletica said CEO Calvin McDonald will step down in January after nearly seven years in the role, leaving the company without an immediate successor, global news agencies have reported.
The announcement came alongside an upgraded annual profit forecast, sending shares up about 10% in extended trading on Thursday.
In the interim, Lululemon has appointed finance chief Meghan Frank and chief commercial officer André Maestrini as co-interim CEOs while it searches for a permanent replacement.
Despite the improved outlook, the U.S. market has been a weak spot for the athleisure brand. Lululemon’s stock has fallen 61% over the past two years as it loses ground to emerging competitors such as Alo Yoga and a wave of private-label lookalikes. Executives have acknowledged disappointment with recent product execution.
According to The Wall Street Journal, founder Chip Wilson has been unhappy with the company's marketing efforts and had considered launching a proxy fight.
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