Lululemon names new CEO; founder Chip Wilson to step down

(Reuters) – High-end yoga-wear retailer Lululemon Athletica Inc (LULU) named Lauren Potdevin as its chief executive and said founder Chip Wilson will step down as non-executive chairman. Lululemon has been looking for a new CEO since June, when Christine Day said she would step down once a replacement was found. Potdevin will take over in January 2014 from Day, who was behind Lulu’s blistering growth rate and its transition from yummy mummy niche to broader, multi-sport appeal. Potdevin joins from TOMS Shoes and has earlier worked with Burton Snowboards and LVMH.

    

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