The Economic Times

Lululemon puts Nike veteran in charge of product as CEO O'Neill looks to right ship

Lululemon Athletica has appointed Maggie Gauger as chief product officer to lead product development. Gauger previously worked at Nike and was CEO of Gap's Athleta brand. The company is also undergoing significant leadership changes with several key executives leaving. Investors are closely monitoring Lululemon's efforts to revive its declining performance and market position. Lululemon aims to establish a strong foundation for sustainable growth with these leadership shifts.