Lululemon names new chief financial officer, search continues for new CEO

Vancouver-based clothing company has appointed Patrick Guido to the position

Lululemon Athletica Inc. has appointed Patrick Guido as chief financial officer as its search continues for a new chief executive.

The Vancouver-based clothing company says Guido, who most recently worked as treasurer and vice-president of corporate development at VF Corp., will report to chief operating officer Stuart Haselden.

Lululemon has been without a CEO since early February when Laurent Potdevin suddenly stepped down from the post after the company said he “fell short” of its standards of conduct.

Executive chairman Glenn Murphy told a March conference call with financial analysts that the company had met with several possible candidates, but would be taking its time in its search for a replacement.

Potdevin reached a separation agreement with the company that will see him receive $3.35 million in cash, plus a further $1.65 million paid in monthly instalments over 18 months, while agreeing not to sue the company and co-operate with it in the future.

The company also lost its executive vice-president and creative director at the end of last year when Lee Holman resigned.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Michelle Mungall’s baby first in B.C. legislature chamber

B.C. energy minister praises support of staff, fellow MLAs

Creston Community Park project progressing

Hillside surveying and sculpting to take place.

‘Police are ready’ for legal pot, say Canadian chiefs

But Canadians won’t see major policing changes as pot becomes legal

School Trustee Creston South Rural candidate – Al Gribbin

Providing our students with the best opportunities to better their lives will always be foremost in the decisions I make but I will never turn my back on my community.

School Trustee Creston South Rural candidate – Rebecca Huscroft

My unbiased, open-minded voice will strongly represent all students, staff and taxpayers alike.

Naked man jumping into Toronto shark tank a ‘premeditated’ stunt: official

The man swam in a tank at Ripley’s Aquarium of Canada

Trump: Saudi king ‘firmly denies’ any role in Khashoggi mystery

Secretary of State Mike Pompeo is travelling to the Middle East to learn more about the fate of the Saudi national

Microsoft co-founder Paul Allen dies at 65

Allen died in Seattle from complications of non-Hodgkin’s lymphoma

Transport Canada to take new look at rules, research on school bus seatbelts

Canada doesn’t currently require seatbelts on school buses

Sockeye run in Shuswap expected to be close to 2014 numbers

Salute to the Sockeye on Adams River continues until Sunday, Oct. 21 at 4 p.m.

Canucks: Pettersson in concussion protocol, Beagle out with broken forearm

Head coach Travis Green called the hit ‘a dirty play’

5 tips for talking to your kids about cannabis

Health officials recommend sharing a harm reduction-related message.

NHL players say Canada’s legalization of marijuana won’t impact them

NHL players say the legalization of marijuana in Canada won’t change how they go about their business.

Automated cars could kill wide range of jobs, federal documents say

Internal government documents show that more than one million jobs could be lost to automated vehicles, with ripple effects far beyond the likeliest professions.

Most Read