Lululemon's chief financial officer to depart for new role

A Lululemon Athletica Inc. store stands in the Lincoln Park neighborhood of Chicago, Illinois, U.S., on Wednesday, July 10, 2019. The 20,000-square-foot (1,860 square-meter) space is the latest attempt by a retailer to lure customers with experiences that online shopping simply can't offer. , Taylor Glascock/Bloomberg

The Canadian Press

Apr 16, 2020

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VANCOUVER - Lululemon Athletica Inc. says its chief financial officer will leave the company next month for a position in a different industry.

The Vancouver-based company says in a statement that Patrick Guido, who joined the company in 2018, departs effective May 8.

The company says he will assume a leadership role outside of the apparel industry.

Meghan Frank, senior vice-president of financial planning and analysis, and Alex Grieve, vice-president and controller, will lead the finance team while the company undertakes the search for a new CFO.

CEO Calvin McDonald thanked Guido for his work with the company.

The company says it will consider internal and external candidates for the position.