After tripling revenue under Calvin McDonald, Lululemon turns to a longtime Nike executive to reignite growth. Lululemon today named Heidi O’Neill, a 26-year Nike veteran, as its next CEO, ending a monthslong search to replace Calvin McDonald,

Lululemon’s hiring this week of Heidi O’Neill as CEO has thrown much of Wall Street for a loop. One analyst called it “a surprise to many investors.” Another said the appointment continues Lululemon’s tradition of “out-of-left-field CEO picks,

Lululemon Athletica shares tumbled about 12% in early trading on Thursday, as the struggling athletic apparel maker's ‌decision to tap a CEO from turnaround-embattled Nike failed to reassure investors.

Vancouver-based retailer Lululemon Athletica Inc. announced Wednesday that former Nike executive Heidi O’Neill will become Lululemon's next chief executive officer in September of 2026. Her appointment announcement caused Lululemon shares to tumble 12 per cent,

Lululemon announced on Wednesday that it has chosen former Nike executive Heidi O'Neill as its new CEO, effective in September.

The Vancouver-based athleisure retailer announced Wednesday that Heidi O’Neill will become its next chief executive officer on Sept. 8, when she will also join its board.

Wall Street gave Heidi O'Neill an uncordial welcome as the next chief executive officer of Lululemon Athletica Inc., trading shares of the company down 11.6 percent to $144.44 in midday trading on Thursday.

Lululemon Athletica’s shares are swooning after the leggings maker this week named a new chief executive who investors say doesn’t have the chops to solve the struggling company’s problems. Lululemon’s shares were down by as much as 12% late Thursday morning after it named Nike veteran Heidi O’Neill as new CEO starting Sept.