Chip Wilson is stepping down as chairman of Lululemon Athletica Inc., a decision made about a month after he touched off a controversy by suggesting that women’s body shapes were to blame for the chain’s problems with its black pants.
At the same time, Lululemon is naming Laurent Potdevin (from Toms Shoes most recently, Louis Vuitton, and Burton Snowboards), a veteran executive of the global fashion and snowboarding world, as chief executive officer. He will replace Christine Day, who unexpectedly announced in June that she would leave when a replacement was found. Read Globe and Mail article here: Chairman Chip Wilson To Leave As Lululemon Names New CEO
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