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

KBRH on watch for bed bugs after two recent cases

Spokesperson Mandy Lowery says there has not been a bed bug sighting at KBRH since Dec. 8

Acid spills wipe out $789,000 Kootenay Boundary fire truck

Fire department maintains service levels despite loss of main work horse

Creston RCMP investigating forcible confinement and sexual assault

Anyone with information is asked to contact the Creston RCMP at 250-428-9313 or call Crime Stoppers

Charges pending in Rossland Avenue house explosion, fire

Sgt. Mike Wicentowich said the cause will be publicly disclosed in a few weeks

Avalanche Canada issues special public warning

Very weak layer buried under recent snow a cause for concern

Fashion Fridays: How to change your beauty routine

Kim XO, lets you in on her style secrets each Fashion Friday on the Black Press Media Network

Increase in downed power lines in B.C., how to stay safe

BC Hydro study finds a third of British Columbians may be putting themselves at risk

Judge sets bail at $2.5 million in 1987 slaying of B.C. couple

William Talbott II, 55, is charged with two counts of aggravated first-degree murder

EU leaders vow to press on with ‘no-deal’ Brexit plans

European Union leaders have offered Theresa May sympathy but no promises, as the British prime minister seeks a lifeline.

Powerful winds set to hit Metro Vancouver, Fraser Valley, Vancouver Island

The agency says winds in coastal areas will strengthen up to 70 kilometres an hour before the front moves inland and gusts reach 90 kilometres an hour.

Mandatory victim surcharge cruel and unusual punishment, top court rules

Stephen Harper’s Conservative government made the charges mandatory in 2013.

Tourism minister postpones trip to China amid tensions between two countries

Tourism Minister Melanie Joly’s office says Canada and China have mutually agreed to postpone a closing ceremony next week.

Police across Canada probe bomb threats as U.S. authorities dismiss ‘hoax’

A police spokesman said the emails were the same as those received elsewhere in North America

France shooter killed Thursday during police operation

7 more being held by police in shooting investigation

Most Read