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-0.000333539810358761 -0.00140563205794057 0.000238242721684907 0.000929146614570892 -0.00917234478486688 -0.0233477867251156 -0.0233477867251156 -0.0233477867251156
Stock impact report

Wanted: New CEO with 'Growth Experience.' The Company: Lululemon. [Yahoo! Finance]

lululemon athletica inc. (LULU) 
Last lululemon athletica inc. earnings: 3/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lululemon.com
Company Research Source: Yahoo! Finance
The process irked Lululemon's founder Chip Wilson—who, along with analysts, expressed optimism about bringing on fresh leadership. Lululemon's once high-flying stock has plummeted this year. Now a new CEO will be brought in to help coach the athleisure brand through its recovery. Lululemon Athletica ( LULU ) said Thursday that Calvin McDonald's roughly eight-year tenure will conclude at the end of January. The transition process is unfolding in a somewhat dramatic manner, with the company announcing a search rather than immediately naming a permanent replacement, and founder Dennis “Chip” Wilson publicly grousing about what he sees as insufficient planning. "As one of the largest active shareholders of Lululemon, I am deeply concerned about what appears to be a tremendous failure by the Board to competently plan for the future and manage an effective succession process,” Wilson said in a Friday statement. Wilson, who was listed as owning more than 8% of the company's stock in Show less Read more
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