Lululemon CEO left in part because of relationship with female designer at the company [CNBC]
lululemon athletica inc. (LULU)
Last lululemon athletica inc. earnings: 3/26 04:05 pm
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Source: CNBC
Lululemon Athletica CEO Laurent Potdevin had a multi-year relationship with a female designer at the company he oversaw, and this was one of the issues that contributed to his departure, sources familiar with the situation tell CNBC. The employee in the relationship with Potdevin resigned in 2014, after the relationship had begun. Lululemon later brought her back to work on discrete company projects as a contractor. In January 2018, it did not renew her contract. CNBC is not identifying the employee to protect her privacy. The sportswear retailer Monday announced Potdevin's resignation, saying he fell short of ... standards of conduct to respect employees and show integrity. Sources previously told CNBC that it was not one particular action that led to the resignation. Lululemon's board has started searching for a new global CEO. Potdevin's relationship with the designer is one of several instances in which he demonstrated a lack of leadership at Lululemon, sour
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LULU
Earnings
- 3/21/24 - Beat
LULU
Sec Filings
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- 4/3/24 - Form 4
- LULU's page on the SEC website