Calvin McDonald to Leave Lululemon in January

CEO’s departure announced amid founder’s public push for change

The Canadian athleisure giant Lululemon Athletica confirmed that its chief executive, Calvin McDonald, will step down at the end of January 2026. The decision follows a series of public statements from the company’s founder, Chip Wilson, who has urged the board to seek fresh leadership to navigate the brand’s next growth phase.

Background on McDonald’s tenure

Since taking the helm in 2018, McDonald has overseen a period of rapid expansion, including the opening of over 200 new stores worldwide and the launch of several product lines aimed at diversifying the brand beyond its core yoga apparel. Under his guidance, Lululemon’s revenue grew from US$3.6 billion in 2017 to more than US$6.5 billion in 2023.

Founder’s concerns spark board action

In a candid interview last month, Wilson criticized what he described as “a stagnating innovation pipeline” and warned that the company risked losing its “cult‑like” connection with core customers. “We need a leader who can reinvigorate the brand’s DNA and push the boundaries of performance wear,” he said, adding that the board had been “actively exploring options.”

Transition plan and interim leadership

The board announced that Laurie Ann Goldman, a longtime Lululemon director, will serve as interim CEO while a comprehensive search for a permanent replacement is underway. Goldman, who previously led Avon Products, is expected to focus on:

• Maintaining momentum on the ongoing “Elevate” product rollout.
• Strengthening supply‑chain resilience after recent disruptions.
• Deepening engagement with the brand’s community‑driven marketing initiatives.

Market reaction

Shares of Lululemon slipped 2.4% in early trading after the announcement, reflecting investor uncertainty about the leadership transition. Analysts at RBC Capital Markets noted that “the company’s fundamentals remain strong, but a clear succession plan will be crucial for sustaining long‑term growth.”

What’s next for Lululemon?

While the board has not disclosed a timeline for appointing a new permanent CEO, insiders suggest a decision could be reached before the end of the fiscal year. In the meantime, the company will continue to roll out its “Future of Movement” strategy, which emphasizes sustainability, digital integration, and expanding into new global markets.