# Lululemon Athletica named Heidi O’Neill as its new CEO on Wednesday.

*business · news · 2026-04-24 · The Manila Times*

## Key points

- Lululemon's shares dropped 12 percent after naming former Nike executive Heidi O’Neill as CEO.
- O’Neill cannot start as CEO until her Nike noncompete expires in September 2024.
- Investor disappointment was partly due to preference for Jane Nielsen, ex-Ralph Lauren CFO, over O’Neill.
- A proxy fight continues as founder Chip Wilson seeks to add three new directors to Lululemon’s board.
- O’Neill's tenure at Nike coincided with significant brand challenges, raising concerns for Lululemon’s turnaround.

**Companies:** Nike, Lululemon Athletica
**Countries:** United States

[Read the full story on The Manila Times](https://www.manilatimes.net/2026/04/25/business/foreign-business/lululemon-ceo-hire-from-nike-fails-to-impress-investors-shares-sink/2328084)

---

Canonical: https://newsio.io/n/9374e09b-3a92-4fa3-9a8a-99700e6762e3/lululemon-athletica-named-heidi-oneill-as-its-new-ceo-on-wednesday-investors-exp
Summarized by Newsio from The Manila Times. https://newsio.io/how-it-works