Lululemon Names TOMS’s Potdevin CEO Amid Challenges
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Lululemon Athletica Inc. is looking to Laurent Potdevin, an outsider who hasn’t run a major retail chain, to lead the yoga-wear seller at a time when it needs to smooth out operations and expand its international presence.
Potdevin, 46, most recently president of TOMS Shoes Inc., will replace Christine Day as chief executive officer in January, Vancouver-based Lululemon said yesterday in a statement. Founder Chip Wilson will step down as chairman before the company’s annual meeting June.