Lululemon's Founder Exits and a Snowboard Exec Enters
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Lululemon is finally balancing its corporate chakras. Outspoken and occasionally toxic founder Dennis “Chip” Wilson is relinquishing the chairman’s seat and the company has found a replacement for Chief Executive Officer Christine Day, who was in charge during the transparent-pants fiasco.
Laurent Potdevin, formerly president of Toms Shoes and manager of LVMH Moet Hennessy Louis Vuitton, steps into the corner office in January. (We assume the yoga-gear maker didn’t find Potdevin via its very public call for online applications, but you never know.) Michael Casey, lead director of the board and formerly chief financial officer of Starbucks, will become chairman.