Lululemon appoints a Nike veteran as its new CEO

Lululemon today named Heidi O’Neill, a 26-year Nike veteran, as its next CEO, ending a months-long search to replace Calvin McDonald, who stepped down from the top job after six years at the company. O’Neill, most recently Nike’s president of consumer, product, and brand, will start September 8 and be based in Lululemon’s Vancouver headquarters. The choice signals where Lululemon’s board thinks the company needs to go next—and it’s worth asking whether the...