Monday, February 5, 2018

Potdevin Out!

News was released after hours today that Laurent Potdevin has resigned as CEO of lululemon. Press releases and articles were pretty spare on reasons why except "Mr. Potdevin fell short of... standards of misconduct." A NY Times article stated, "Lululemon declined to say whether sexual misconduct was behind Mr. Potdevin’s resignation." Given the current cultural climate and other recent executive resignations my guess is that was the root of the resignation. I assume we'll find out more soon enough.