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

It’s time to say “I see you”

Chief speaks out on First Nations issues

Nak’azdli Whut’en a vital part of Fort St. James

Progressive and self sufficient, the First Nation looks to the future

Here’s what Fort St. James councillors refused to hear

Citizens express frustration and anger

Citizens ejected from Municipal Hall – Locked out

Mayor refuses to allow discussion on controversial Bylaw regarding marijuana

VIDEO: B.C. man recognized for spinning basketball on toothbrush

Abbotsford man holds world record for longest duration of time of 60.5 seconds

How to keep local news visible in your Facebook feed

Facebook has changed the news feed to emphasize personal connections. You might see less news.

Cat found stuffed in box in Dumpster in northeastern B.C.

Still alive, cat was found near Dawson Creek restrained with zip ties, legs forced behind neck

Fears prompt feds to establish BBQ brush safety standards

Wire-bristle safety fears prompt Ottawa to establish BBQ brush safety standards

Don’t forget about women left to sweep up shards of glass ceiling, W7 urges G7

When Prime Minister Justin Trudeau champions gender equality at the G7 he is being asked to raise the concerns of marginalized women

Canadian air travel industry fears pilot flight-time limits will go too far

Air carriers urge feds to slow down flight-time limits for sleepy pilots

Sky-high farmland prices ‘ruinous’ for B.C. agriculture: UFV ag professor

Fraser Valley-based Tom Baumann says $80K-per-acre in area threatens food security

B.C. man charged with litany of drug charges in cross-border smuggling operation

William Milton Barnes of Saanich faces multiple charges

Political heavyweights hit Washington in hunt for NAFTA deal

Officials from Prime Minister’s office, Foreign Affairs Minister Chrystia Freeland part of talks

Most Read