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

BC Bike Race’s Cowichan stage well-received

Cowichan planners expect event to return to Valley

Ground broken for new $16.2-million transit facility in Cowichan

Ground-breaking ceremony for project held on Juy 17

Editorial: Merging of RCMP detachments seems likely

It also puts police a long way from the Malahat Highway 1 corridor

VIDEO: Duncan abuzz Saturday for parade, and lots more family fun

They waited happily in lawnchairs or on blankets for the Grande Parade July 14

Cowichan Thunder punch ticket for junior B provincials

Sweep of Campbell River ensures Cowichan of B.C. championships berth

Trudeau asks transport minister to tackle Greyhound’s western pullout

Prime Minister Justin Trudeau says he’s asked Transport Minister Marc Garneau to find solutions in Greyhound Canada’s absence.

Kitten OK after being rescued from underground pipe in B.C.

An adventurous feline has been rescued after getting trapped in an underground pipe in Kamloops, B.C.

A day after back-tracking, Trump defends summit performance

Amid bipartisan condemnation of his embrace of a longtime U.S. enemy, Trump at first sought to end 27 hours of recrimination by delivering a rare admission of error Tuesday.

Thai soccer players rescued from cave meet the media

Members of the Thai youth soccer team who were trapped in a cave have left the hospital where they have been treated since their rescue.

Elon Musk apologizes for calling cave rescue diver a ‘pedo’

Musk called a British diver involved in the Thailand cave rescue a pedophile to his 22.3 million Twitter followers on July 15.

Trudeau shuffles familiar faces, adds new ones to expanded cabinet

Justin Trudeau shuffles his front bench Wednesday to install the roster of ministers that will be entrusted with leading the Liberal team into next year’s election.

Special forces unit to monitor Hells Angels ride on Vancouver Island

Enforcement unit says motorcycle club to hold 35th anniversary ride in Nanaimo

Hub for mental health and addictions treatment opens at B.C. hospital

St. Paul’s Hospital HUB is an acute medical unit that includes 10 patient beds

Restaurant Brands International to review policy over poaching employees

One of Canada’s largest fast-food company to review ‘no-poach’ franchise agreements

Most Read