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Who is Lululemon CEO Calvin McDonald and why is he stepping down?

Lululemon CEO Calvin McDonald is stepping down in January after nearly seven years, with finance chief Meghan Frank and Andr Maestrini appointed co-interim CEOs. The company's shares rose following the announcement, despite recent challenges including declining US sales and increased competition in the activewear market. McDonald's departure also follows renewed criticism from founder Chip Wilson.

12 Dec 2025 11:09 am