Lululemon names Nike exec Heidi O’Neill as CEO amid pressure from founder — and shares tank
Published on April 22, 2026.
Lululemon Athletica has named former Nike executive Heidi O'Neill as its next CEO, amid pressure from its founder and an activist investor. The company's stock price has fallen by 38% in the last year, with its market value decreasing to $18.8 billion. The announcement led to a drop in shares and a decrease in sales.
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