Lululemon names new chief financial officer, search continues for new CEO

Vancouver-based clothing company has appointed Patrick Guido to the position

Lululemon Athletica Inc. has appointed Patrick Guido as chief financial officer as its search continues for a new chief executive.

The Vancouver-based clothing company says Guido, who most recently worked as treasurer and vice-president of corporate development at VF Corp., will report to chief operating officer Stuart Haselden.

Lululemon has been without a CEO since early February when Laurent Potdevin suddenly stepped down from the post after the company said he “fell short” of its standards of conduct.

Executive chairman Glenn Murphy told a March conference call with financial analysts that the company had met with several possible candidates, but would be taking its time in its search for a replacement.

Potdevin reached a separation agreement with the company that will see him receive $3.35 million in cash, plus a further $1.65 million paid in monthly instalments over 18 months, while agreeing not to sue the company and co-operate with it in the future.

The company also lost its executive vice-president and creative director at the end of last year when Lee Holman resigned.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

UPDATE: Tent city campers told to leave Oak Bay, given outstanding bill

Police department delivers $1,882 bill for damages from fall of 2017

Missing 72-year-old man last seen in Langford

Albert Bedard has been missing since Oct. 12

Persons Day celebrates historic achievement of five suffragettes

Landmark case 89 years ago declared women “persons” making them eligible for the Senate

Traffic delays minimized on Quadra after large boat blocks lane

Sail boat has shifted from its trailer bed near Quadra and Greenridge

Victoria elementary students shake it out for earthquake preparedness

Search and Rescue dogs were also on scene to participate in the earthquake drill

B.C. NDP retreats again on empty-home tax for urban areas

Rate reduced for all Canadians, dissident mayors to get annual meeting

Find your future at Black Press career fair in Victoria

More than 70 booths expected at Bay Street Armoury on Oct. 25

B.C. teen gives away tickets to Ellen Degeneres show, plans O Canada welcome

The Grade 9 student wanted to give away tickets in the spirit of inclusivity

POLL: Do you support amalgamation for communities in the Capital Region?

Residents in Victoria and Saanich will be voting on Oct. 20 on… Continue reading

Canada’s top general takes aim at new reports of military sexual assault

Gen. Jonathan Vance is unhappy some troops continue to ignore his order to cease all sexual misconduct

Ignoring climate change poses potential catastrophe for B.C.

Fisheries scientist says ‘extraordinary challenges’ in water management lie ahead

Grow ops left in legal weeds

“I think people are going to get a big surprise that it’s not going to change things much.”

Driving with dope: Police talk rules on cannabis in the car

Even though pot is legal, you can’t smoke in the car

Most Read