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Lululemon names former Nike exec Heidi O'Neill as new CEO amid sales struggles and proxy battle

Market News
22 Apr 2026
CNBC
View Source
Bearish
pluang ai news

Lululemon has appointed Heidi O'Neill, a former Nike executive, as its new CEO effective September 8. The company is facing weak sales, rising competition, and a proxy battle involving its founder, Chip Wilson. O'Neill brings extensive experience from Nike, Levi Strauss, Hyatt, and Spotify, and plans to focus on building the brand's core and expanding global growth. Her leadership is expected to drive change and help Lululemon navigate current challenges, including high tariff costs and shareholder pressure for board changes.

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