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

Keremeos LightUp brightens spirits

Lots of fun was had at the LightUp weekend in Keremeos

New reserve fund for Keremeos highlight of budget so far

Keremeos council recently talked budget

Penticton RCMP want you to Cram the Kennel

RCMP officers, volunteers will be filling kennels with food and pet supplies donations

Rikhi family donates $60,000 to Penticton Regional Hospital expansion

Donation made in memory of Raksha Rikhi, a nurse from Summerland

Cain Franson of Sicamous a USports All-Star once again

Franson will play against Canadian Junior team prospects in Victoria

VIDEO: Close encounter with a whale near Canada-U.S border

Ron Gillies had his camera ready when a whale appeared Dec. 7

France shooting: 2 dead, several wounded in Strasbourg

A world-famous Christmas market was put on lock down on Tuesday

Canadian warship witnesses possible violations of North Korea sanctions

Crew members on HMCS Calgary took photos and collected other information

Christine Sinclair named Canadian Women’s player of the year again

This is the 14th time Sinclair has been named player of the year

Women charged with stealing money from Okanagan hospice return to court

Susan Steen and Melanie Gray are charged with theft over $5,000 and fraud over $5,000

B.C. man wants trapping laws changed after dog killed

Louis Seguin’s 10-month-old Australian shepherd died in a body-gripping trap last month

Nearly 8,000 homeless in B.C., first province-wide count reveals

Twenty-four seperate counts in B.C. cities found there are thousands of homeless in all corners of province

UPDATE: Highway 1 closed near Revelstoke

A vehicle incident has closed Highway 1 in both directions

Most Read