Proactive Investors - Run By Investors For Investors

Lululemon says it appointed Patrick Guido as New CFO

Executive will report to Stuart Haselden, chief operating officer
Lululemon logo
Company's board still searching for new CEO

Lululemon Athletica Inc. (NASDAQ:LULU) said it named Patrick “PJ” Guido as its chief financial officer, effective April 30.

Guido will report to Chief Operating Officer Stuart Haselden, the company said in a statement today.

"Our momentum remains strong and we're thrilled to have PJ join the team and look forward to his important contributions," Haselden said in the statement.

The appointment comes as the board searches for a replacement for Chief Executive Officer Laurent Potdevin, who resigned last month because he fell short of the company’s standards of conduct.

The group did not explain the nature of the conduct that led to Potdevin’s departure, but suggested it had something to do with the way he treated staff. Potdevin failed to “exemplify the highest levels of integrity and respect for one another”, the company said in March.


View full LULU profile View Profile

Lululemon Athletica Timeline

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use