Lululemon's Split With CEO Involved Employee Relationship
- Yogawear brand’s chief left abruptly earlier this week
- Other reasons are said to contribute to surprise departure
Lululemon CEO Resigns Due to Conduct
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Lululemon Athletica Inc.’s reasons for parting ways with Chief Executive Officer Laurent Potdevin included a relationship that he had with a subordinate, according to people familiar with the situation.
The employee, who worked as a designer at the yogawear brand, resigned in 2014 but later came back as a contractor, said the people, who asked not to be identified because the matter isn’t public. Her contract wasn’t renewed in 2018, they said. CNBC previously reported on Potdevin’s relationship, saying it was an issue that contributed to the executive’s abrupt departure.