Flash ReportLululemon CEO Laurent Potdevin Resigns Coresight Research February 7, 2018 Executive SummaryLululemon, the healthy lifestyle-inspired athletic apparel company announced that Laurent Potdevin has resigned as CEO and as a member of the company’s Board of Directors, effective immediately. According to the company’s press release, Lululemon expects “all employees to exemplify the highest levels of integrity and respect for one another,” and Potdevin“ fell short of these standards of conduct.” Three executives will assume expanded roles and will report to Glenn Murphy, Executive Chairman of the Board. Lululemon reaffirmed its updated guidance from January 8 and affirmed it is on track to achieve its strategic goal of becoming a $4 billion revenue brand by 2020. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Drugstore Decimation: Assessing Rite Aid’s Closures, and Which Competitors Stand To GainThe New Coresight 100: Setting the Direction for Global Retail in 2026Financial Sentiment Turns Positive Ahead of Rate Cut: US Consumer Survey InsightsMass Merchandisers, Warehouse Clubs and Discount Stores: Themes, Concepts and Innovators—Target at a Crossroads, Dollar Stores Revive and Warehouse Clubs Gain Momentum
