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Lululemon Athletica Inc. on Friday announced that Chief Executive Officer Calvin McDonald will step down from his role and from the company’s Board of Directors, effective January 31, 2026, marking the start of a planned leadership transition at the athletic apparel maker.
McDonald will remain associated with the company as a senior advisor through March 31, 2026, to support continuity during the transition. The Board of Directors has launched a global search for his successor in partnership with an executive search firm, with a focus on maintaining strategic momentum and long-term growth.
As part of the transition, Board Chair Marti Morfitt will take on an expanded role as Executive Chair with immediate effect. Lululemon said the move is intended to provide additional leadership support while the CEO search is underway.
Following McDonald’s departure, Chief Financial Officer Meghan Frank and Chief Commercial Officer André Maestrini will serve as interim co-CEOs. The two executives will jointly oversee the business until a new CEO is appointed. The company said both leaders bring deep global retail experience and have played key roles in driving growth across markets.
McDonald joined Lululemon in 2018 and led the company through a period of rapid expansion. During his tenure, annual revenues more than tripled, with the company on track to generate approximately $11 billion in revenue in the current fiscal year. Lululemon also expanded its presence to more than 30 geographies and grew its Mainland China business into its second-largest market.
Under McDonald’s leadership, the company broadened its product portfolio across athletic and lifestyle categories and formally entered new activity segments such as tennis and golf, strengthening its competitive position in the global athletic apparel market.
“Serving as CEO of lululemon has been the highlight of my career,” McDonald said, adding that he remains confident in the company’s growth prospects and committed to supporting the leadership team during the transition.
Morfitt thanked McDonald for his contributions, citing strong revenue growth, global expansion and product innovation during his tenure. She said the Board is confident in its transition plan and is focused on identifying a leader capable of guiding Lululemon through its next phase of growth and transformation.
