Lululemon Athletica Inc (NASDAQ:LULU) shares are moving lower in after-hours Wednesday after the company announced a CEO transition.
- Lululemon Athletica stock is showing notable weakness. Why is LULU stock dropping?
Lululemon Names New CEO
Following a comprehensive search process, Lululemon’s board has selected Heidi O’Neill as the company’s next CEO, effective Sept. 8, 2026.
O’Neill is a former executive at Nike Inc (NYSE:NKE), where she spent 25 years focused on product design, brand strategy, marketing, digital commerce and global market operations.
“The board conducted an extensive search to identify the right next leader to propel Lululemon forward. We selected Heidi because of the breadth of her experience, her demonstrated success delivering breakthrough ideas and initiatives at scale, and her ability to be a knowledgeable change and growth agent,” said Marti Morfitt, executive chair of Lululemon’s board.
Meghan Frank and André Maestrini will continue to lead as interim co-CEOs until O’Neill joins the company in September. O’Neill is expected to step into the role with a focus on accelerating product breakthroughs, deepening the brand’s cultural relevance and unlocking growth in global markets.
LULU Stock Slips After The Bell
LULU Price Action: Lululemon shares were down 5.78% in after-hours, trading at $154 at the time of publication on Wednesday, per Benzinga Pro.
Image: Shutterstock.com
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