Lululemon Athletica Inc. (LULU) Growth Story Intact, CEO an Overhang; Wedbush Assumes at Neutral
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lululemon athletica (LULU) Names Laurent Potdevin as CEO; Chairman Chip Wilson Resigns
December 10, 2013 6:00 AM ESTlululemon athletica inc. (Nasdaq: LULU) announced that its Board of Directors has appointed Laurent Potdevin as the companys Chief Executive Officer and a member of its Board of Directors. Mr. Potdevin will succeed Christine Day, who has served as the companys CEO since 2008 and who announced her intention to resign in June 2013. Mr. Potdevin is expected to step into his role as Chief Executive Officer in January 2014, and will become a director when he assumes his duties as CEO. Ms. Day is expected to remain with lululemon through the end of the... More
