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

New faces at Seven Hills Golf and Country Club

Seven Hills Golf and Country Club is getting ready for it’s 2019… Continue reading

Scotiabank faces disgruntled Port Alice crowd

Residents were told the ATM will not be staying, along with the vault and other physical attributes.

VIDEOS: North Island Bantam Eagles place second at Tier 3 Bantam Championships in Port Hardy

“This is now a piece of North Island history and will be talked about for many years to come.”

LETTER TO THE EDITOR: Tier 3 Bantam Championships

“The packed arena and electricity within was fantastic.”

Port Hardy RCMP issues warning about recent overdose

“Our primary concern is public safety. We are urging the public to be aware of what is circulating.”

VIDEO: The ‘most cosmopolitan’ of butterflies could migrate to B.C.

The painted lady butterfly will likely arrive this summer from Southern California

‘Too-young’ Vancouver Island woman successfully challenges eviction

Zoe Nagler, 46, had been given notice after living in seniors complex for six years

Inspirational Vancouver Island youngster dies after battle with brain cancer

Kaiden Finley ‘was seriously the strongest 11-year-old’

North Island Peewee Eagles go 2-2 at Tier 3 Championships in Powell River

All told, it was a pretty successful season for the North Island Peewee Eagles.

Is it a homicide? B.C. woman dies in hospital, seven months after being shot

Stepfather think Chilliwack case should now be a homicide, but IHIT has not confirmed anything

PHOTO OF THE WEEK: Zeballos Inlet

Check out this beautiful photograph of the Zeballos Inlet from Alanna Janisse!… Continue reading

Indecent caller handed 18-month conditional sentence

Vancouver Island man pleaded guilty to making indecent phone and video calls to women across B.C.

Sources say Trudeau rejected Wilson-Raybould’s conservative pick for high court

Wilson-Raybould said Monday “there was no conflict between the PM and myself”

First Nations public art piece stolen in Nanaimo

Spindle Whorl went missing over the weekend, according to Nanaimo RCMP

Most Read