Lululemon Athletica said on Wednesday it is restructuring its senior leadership team, creating new roles for president and chief product officer and for chief operating officer as the athletic wear maker seeks to strengthen its product, brand, and operational capabilities. Maggie Gauger will become president and chief product officer and Joseph Godsey will become chief operating officer, both effective October 26, in newly created positions. Gauger joins from Athleta and will oversee design, merchandising, footwear, product innovation, and materials science, while Godsey, formerly chief growth officer at Walmart Canada, will bring together sourcing and production, commercialisation, go-to-market, fulfilment, planning and allocations, and sustainability functions. Lululemon also said Nikki Neuburger, chief brand and product activation officer, and Ted Dagnese, chief supply chain officer, will leave the company on November 6, and it is searching for chief brand, chief communications, and chief technology officers. Chief Financial Officer Meghan Frank will take on expanded responsibilities, including interim oversight of the global brand and technology functions until those positions are filled, and CEO Heidi O'Neill said the new structure is intended to create a more coordinated leadership team, put product, design, and innovation at the center of operations, and support the company's next chapter of growth.
Lululemon Athletica Inc.Lululemon restructures senior leadership, creating president/CPO and COO roles and losing two executives; net effect on the business is unclear.
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