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Lululemon named Heidi O'Neill as its next CEO.
Lululemon appointed former Nike executive Heidi O’Neill as its next CEO.
KEY POINTS
- Lululemon’s stock fell 5% in after-hours trading immediately following O’Neill’s appointment announcement.
- O’Neill's tenure at Nike overlapped with the controversial 'Donahoe era' marked by a direct sales pivot.
- Heidi O’Neill will assume the CEO position at Lululemon on September 8, based in Vancouver.
COMPANIES
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