Lululemon appoints former Nike executive O'Neill as new CEO

Glonghui April 23rd｜Lululemon announced on Wednesday the appointment of Heidi O’Neill as the new CEO of the athleisure brand, effective September 8. This announcement follows more than a year of poor performance by the company and its involvement in an intense proxy fight, with founder Chip Wilson having repeatedly criticized the company’s management in public. After the announcement, Lululemon’s share price fell more than 5% in after-hours trading. O’Neill previously held several key positions at Nike, where she contributed to the athletic apparel giant’s growth; she has also worked at Levi’s, Hyatt Hotels, and Spotify.