Lululemon says CEO Laurent Potdevin has resined, effective immediately

WSJ | 2/5/2018 | Sara Germano
normanorma (Posted by) Level 4
Click For Photo: https://si.wsj.net/public/resources/images/BN-XI306_LULU02_SOC_20180205152131.jpg

It wasn’t immediately clear how Mr. Potdevin had fallen short of the company’s standards. There were “a range of instances” where his actions didn’t align with company policy on leadership and conduct, according to a person familiar with the matter.

“Lululemon expects all employees to exemplify the highest levels of integrity and respect for one another, and Mr. Potdevin fell short of these standards of conduct,” the company said in a statement.

Mr - Potdevin - Comment - Lululemon - President

Mr. Potdevin couldn’t immediately be reached for comment. Before joining Lululemon, he served as president of Toms Shoes and as chief executive of Burton Snowboards, where he spent 15 years.

Lululemon’s sales have remained strong during a difficult period for many retailers and its shares, which have rallied nearly 20% over the past year, were trading near all-time highs. Shares fell as much...
(Excerpt) Read more at: WSJ
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