Trending Now - Lululemon Taps Nike's Heidi O'neill as CEO as Shares Decline

WHO:

Fast Company - Lululemon named Heidi O'Neill as its new CEO.

Fast Company - O'Neill is a 26-year veteran of Nike and was most recently Nike's president of consumer, product, and brand.

NY Post - Chip Wilson is Lululemon's founder and largest individual shareholder.

WHAT:

Fast Company - Lululemon's revenue growth slowed to 10% in 2025, down from 19% in 2024.

Fast Company - O'Neill's role at Nike was eliminated as part of a restructuring led by new CEO Elliott Hill in spring 2025.

Lululemon - O'Neill stated, "I am humbled by the opportunity and energized by what the team is already building."

Fast Company - Lululemon's stock price has tumbled 38% in the last 12 months.

Fast Company - O'Neill's appointment follows a comprehensive search process conducted by Lululemon's Board of Directors.

Lululemon - O'Neill stated, "As I step into the CEO role in September, my job will be to build on that foundation – to accelerate product breakthroughs, deepen the brand’s cultural relevance, and unlock growth in markets around the world."

Fast Company - O'Neill's appointment follows a comprehensive search process conducted by Lululemon's Board of Directors.

Lululemon - O'Neill's role at Nike was eliminated as part of a restructuring led by new CEO Elliott Hill in spring 2025.

Lululemon - O'Neill stated, "lululemon is an iconic brand with something rare: genuine guest love, a product ethos rooted in innovation, and a global platform still in the early stages of its potential."

Lululemon - Meghan Frank and André Maestrini will continue to lead as interim co-CEOs until O'Neill joins the company on September 8th, 2026.

Fast Company - Lululemon's stock price has declined by 38% over the last 12 months.

Fast Company - O'Neill will start her role as CEO on September 8th, 2026.

Fast Company - Under former CEO Calvin McDonald, Lululemon's annual revenue increased from $2.6 billion to $10.6 billion.

Fast Company - Lululemon expanded into 30 countries during McDonald's tenure.

Fast Company - Lululemon's growth slowed to 10% in 2025, down from 19% in 2024.

Fast Company - The Align franchise has become a $1 billion business for Lululemon.

WHERE:

Fast Company - O'Neill will be based in Lululemon's Vancouver headquarters.

WHEN:

Fast Company - Calvin McDonald stepped down as CEO after six years in 2026.

Fast Company - O'Neill's role at Nike was eliminated in spring 2025.

WHY:

NY Post - Retail analyst Laurent Vasilescu stated, “Lululemon needs a turnaround CEO and not a growth CEO.”

Fast Company - The decline in Lululemon's stock and growth was attributed to U.S. tariffs, weaker consumer spending, and product missteps, including a poorly received Disney collaboration.

Fast Company - Chip Wilson criticized Lululemon's direction in a full-page Wall Street Journal ad, which may have influenced McDonald's departure.

HOW:

Lululemon - Marti Morfitt, Executive Chair of Lululemon’s Board of Directors, described O'Neill as "an inspiring leader and proven, consumer-driven brand strategist."

Fast Company - Lululemon's board described O'Neill as "a visionary, consumer-focused executive" with a track record of "driving disruptive change and growth at scale."

(UPDATED April 23, 2026 21:15 UTC)

Lululemon's revenue growth has slowed to 10% in 2025, a significant drop from 19% in 2024, prompting calls for a turnaround CEO rather than a growth-focused leader. Meanwhile, O'Neill's role at Nike was eliminated during a restructuring led by new CEO Elliott Hill in spring 2025, but he expressed his enthusiasm for the opportunities at Lululemon. Marti Morfitt, Executive Chair of Lululemon’s Board of Directors, praised O'Neill as "an inspiring leader and proven, consumer-driven brand strategist."

(UPDATED April 23, 2026 17:25 UTC)

Lululemon's stock price has dropped a staggering 38% over the past year, prompting the company to appoint a new CEO, O'Neill, following a thorough search by the Board of Directors. O'Neill expressed his commitment to enhancing product innovation, strengthening the brand's cultural significance, and driving growth in global markets when he takes on the role in September. Retail analyst Laurent Vasilescu emphasized that Lululemon is in need of a turnaround CEO rather than one focused solely on growth.

(UPDATED April 23, 2026 05:45 UTC)

Lululemon has announced the appointment of O'Neill as their new CEO following a thorough search process by the Board of Directors. O'Neill's previous role at Nike was eliminated during a restructuring led by new CEO Elliott Hill in the spring of 2025. He expressed his enthusiasm for Lululemon, calling it an iconic brand with genuine guest love and a strong potential for growth, while interim co-CEOs Meghan Frank and André Maestrini will continue to lead until O'Neill officially joins the company September 8th.

(UPDATED April 22, 2026 23:18 UTC)

Lululemon has appointed Heidi O'Neill as its new CEO, effective September 8th, following the departure of Calvin McDonald after six years in the role. O'Neill, a 26-year veteran of Nike and its former president of consumer, product, and brand, will be based at Lululemon's headquarters in Vancouver, where she will address the company's recent challenges, including a 38% decline in stock price over the past year. The board praised O'Neill as a visionary executive with a proven ability to drive growth, which will be crucial as Lululemon navigates a slowdown in its expansion and responds to criticism from founder Chip Wilson regarding its current direction.