Lululemon Names New Product Chief
Lululemon has appointed former Nike executive Maggie Gauger as its new chief product officer as part of a leadership overhaul by CEO Heidi ONeill. The struggling sportswear maker also named a new chief operating officer and announced departures among top executives.
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LULULEMON ATHLETICA INC named former NIKE INC -CL B executive Maggie Gauger chief product officer on Wednesday. The appointment comes as the apparel maker attempts a turnaround under CEO Heidi O'Neill. Shares have nearly halved this year amid product missteps.
