1. Lululemon Needs a New CEO, and Analysts say There's a Clear Frontrunner for the Job

    Business Insider BoardNews
    Lululemon Needs a New CEO, and Analysts say There's a Clear Frontrunner for the Job
    • Lululemon's CEO abruptly resigned Monday. The company released a statement suggesting he had engaged in poor conduct.
    • It is now searching for a replacement CEO but will be run by three members of senior management during the interim period.
    • Analysts say industry veteran Stefan Larsson is the frontrunner for the job...
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    1. In our view, the lead candidate is Stefan Larsson, the former CEO of Ralph Lauren.
    2. Stefan is a rising star within apparel retail, with proven experience in the value sector. He's tackled some of the most complex challenges in our industry and has a deep appreciation for the need to balance great product and operational excellence.
    3. Using what he learned at H&M, he did a better job of matching supply and demand.
    4. Stefan and I share a love and respect for the DNA of this great brand, and we both recognize the need to evolve. However, we have found that we have different views on how to evolve the creative and consumer-facing parts of the business.
    5. It is crucial that the right person is selected, but it is equally important that the task is undertaken with urgency so that Lululemon doesn't lose momentum.

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