Lululemon begins search for new chief financial officer
Lululemon has announced that its chief financial officer Patrick Guido will be stepping down to take up a new role outside of the apparel sector. Guido joined the sportswear brand in 2018.
Lululemon has now commenced the search process for his successor which will consider both internal and external candidates.
In the meantime, Meghan Frank, Lululemon’s senior vice president of financial planning and analysis, and Alex Grieve, vice president and controller, will lead the company’s finance team on an interim basis. Both will report to Lululemon’s chief executive, Calvin McDonald.
McDonald said: “I want to express my confidence in Lululemon’s leadership team and the strength of our business model, which is enabling us to effectively navigate Covid-19 while continuing to invest in our Power of Three growth strategy. We are confident Lululemon will attract an experienced chief financial officer who has successfully guided a broad-based portfolio.”
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