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

Nelson has West Kootenay’s cheapest gas prices

The cost rises significantly outside the city

Selkirk students pay it forward with pizza

The adult special education program is buying slices for those in need

Dance Fusion: ‘smooth, entertaining and emotional’

250-dancer showcase includes a piece by a group of young dancers and their fathers

Nelson figure skaters visit Enchanted Forest

The club held its annual year-end show on April 15

PHOTOS: Nelson Rhythm Ropers skip to success at provincials

The team won 56 medals last weekend at L.V. Rogers

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

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

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