By  on June 10, 2013

Shares of Lululemon Athletica Inc. plummeted in after-market trading Monday after the company said the woman credited with much of its explosive growth, Christine Day, would be leaving the yoga apparel retailer.

The surprising news sent the firm’s shares down 14.8 percent. Day, who has been chief executive officer for five-and-a-half years, will leave when a successor is named. The company said it has formed a search committee and “enacted its ceo succession plan.”

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