Lululemon names new chief financial officer, search continues for new CEO

Vancouver-based clothing company has appointed Patrick Guido to the position

Lululemon Athletica Inc. has appointed Patrick Guido as chief financial officer as its search continues for a new chief executive.

The Vancouver-based clothing company says Guido, who most recently worked as treasurer and vice-president of corporate development at VF Corp., will report to chief operating officer Stuart Haselden.

Lululemon has been without a CEO since early February when Laurent Potdevin suddenly stepped down from the post after the company said he “fell short” of its standards of conduct.

Executive chairman Glenn Murphy told a March conference call with financial analysts that the company had met with several possible candidates, but would be taking its time in its search for a replacement.

Potdevin reached a separation agreement with the company that will see him receive $3.35 million in cash, plus a further $1.65 million paid in monthly instalments over 18 months, while agreeing not to sue the company and co-operate with it in the future.

The company also lost its executive vice-president and creative director at the end of last year when Lee Holman resigned.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Nanaimo buses first to get new technology

NextRide technology will help riders pinpoint where buses are and predicted arrival times

UPDATE: Police rule out alcohol, distraction in fatal crash in Nanoose

Passenger of fatal crash still in critical condition following crash in Nanoose Bay on Friday

Nanaimo plays hockey in support of Humboldt

Humboldt Strong Street Hockey Tournament held Sunday, April 22 at Nanaimo North Town Centre

Police look for hit-and-run suspect after senior struck

Incident occurred April 17 at about 3 p.m. at Selby and Fitzwilliam streets

MLA Stilwell chairing B.C. Liberals’ new affordability committee

Opposition thinking about election readiness

UPDATED: 9 killed, 16 injured after van hits pedestrians in Toronto

Toronto police say nine people have died and 16 are injured

Parksville resident interrupts break-and-enter

Two break-ins reported in the same day on the same street

As Osoyoos Indian Band flourishes, so too does Okanagan’s wine tourism

Indigenous practices have driven growth of South Okanagan’s wine history and agricultural influence

Judith Guichon steps down as Lieutenant Governor of B.C.

Election decision didn’t make her best moments from the past six years

Vancouver to rake in $30 million in empty homes tax in first year

The tax is the first of its kind in Canada, and was intended to address the city’s near-zero vacancy rate

LGBTQ advocates turn Victoria SOGI protest into dance party

Counter-protest outnumbers anti-SOGI activists on lawn of B.C. legislature

B.C.’s snowpack continues to increase, melting delayed

River Forecast Centre official says sudden melting further into the season could cause flooding

Another B.C. First Nation voices support for Kinder Morgan pipeline

Simpcw First Nation claims people living on one-third of pipeline route support the project

Scooter crash leaves Island man with critical injuries

RCMP said a truck was making a left-hand turn when it collided with the scooter travelling through the intersection

Most Read