Changes are coming to the c-suite at Lululemon Athletica.
Stuart Haselden, chief operating officer and executive vice president, is leaving the ath-leisure and performance apparel company on Jan. 10.
“We’re grateful for Stuart’s leadership and commitment to Lululemon and we appreciate the role he played to build our infrastructure and support our international growth,” Calvin McDonald, Lululemon’s chief executive officer, said in a statement. “He’s helped us develop senior leaders across the organization who are ready and able to take on additional responsibilities. We wish Stuart well as he begins his next chapter.”
Haselden, who began his tenure at Lululemon in 2015 as chief financial officer and who was also instrumental in the 2018 ceo search in which McDonald was tapped from Sephora, is leaving the fashion apparel sector, but not retail as a whole. Starting Jan. 13, he will be luggage company Away’s new chief executive officer, as well as a member of the company’s board of directors.
In a statement, Haselden said he was “overwhelmed by the impressive company.”
“Stuart’s impressive track record in strategically scaling retail businesses and teams offers invaluable expertise as Away enters its next phase of growth,” Korey said. The company, after receiving $100 million in series D investments this year, is rumored to be valued at more than $1.4 billion.
Meanwhile, with Haselden’s departure, Lululemon is on the search of an executive vice president international. Meanwhile, chief technology officer Julie Averill and chief supply chain officer Ted Dagnese have also been elevated to Lululemon’s senior leadership team, reporting to McDonald.
In a press release, the company said it’s still on track with its long-term growth strategy and plans to quadruple the international business by 2023. So far it’s working: Year-over-year shares of Lululemon are up more than 93 percent.
“We’re excited about the momentum in our business as we deliver on our goals and focus on our growth strategies,” McDonald said.
The retailer reports quarterly earnings Wednesday after the bell.