Lululemon has announced that chief executive Calvin McDonald will leave the company in early 2026, bringing an end to his seven-year tenure at the helm of the athletic apparel retailer.
McDonald will step down as CEO and as a member of the board of directors on 31st January 2026. He will continue to serve as senior adviser to the brand until 31 March 2026. The company has begun a global search for his successor.
During the transition period, chief financial officer Meghan Frank and chief commercial officer André Maestrini will act as interim co-chief executives. Marti Morfitt, chair of the board, will take on an expanded role as executive chair to support continuity.
McDonald described his time at Lululemon as the highlight of his career and expressed pride in the company’s progress under his leadership. He said the team had “transformed the athletic apparel industry” and emphasised the strong product pipeline and strategic plan in place, which he believed would deliver long-term value for shareholders.
He added that he remained committed to supporting the transition and guiding the leadership team in his advisory capacity as they carry forward the company’s strategy.
