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

Cranbrook vet receives Quilt of Valour

Local Quilts of Valour representative Cindy Postnikoff presented another quilt this week,… Continue reading

Four impaired drivers grabbed in Kimberley over weekend

Over the past three days Kimberley RCMP removed four impaired drivers from… Continue reading

WildSafeBC 2018 season has begun

Is your yard ready for spring and free of wildlife attractants?

Jean Minifie named Lady of the Year by Beta Sigma Phi chapter

The Beta Sigma Phi chapter held a dinner on Tuesday, April 17… Continue reading

UPDATED: 9 killed, 16 injured after van hits pedestrians in Toronto

Toronto police say nine people have died and 16 are injured

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.

Vancouver to rake in $30 million in empty homes tax in first year

The tax is the first of its kind in Canada, and was intended to address the city’s near-zero vacancy rate

B.C.’s snowpack continues to increase, melting delayed

River Forecast Centre official says sudden melting further into the season could cause flooding

Another B.C. First Nation voices support for Kinder Morgan pipeline

Simpcw First Nation claims people living on one-third of pipeline route support the project

Protesters argue both sides of B.C.’s SOGI curriculum at teachers’ union office

The sexual orientation and gender identity program was launched as a pilot project last year

Prankster broadcasts fake nuclear threat in Winnipeg

The audio recording on Sunday warned of a nuclear attack against Canada and the United States

ICBC reform aims to slow rising car insurance costs

‘Pain and suffering’ payouts to be capped, major injury limit to double

Saskatchewan introduces law to allow control of oil, gas exports

The Prairie province has already said it is supporting Alberta in a dispute with B.C. over the Trans Mountain pipeline

Most Read