Lululemon Athletica Inc. announced on Wednesday, April 22, 2026, that its Board of Directors has appointed Heidi O’Neill as the company’s next chief executive officer. O’Neill, a veteran of the athletic apparel industry with over three decades of experience, is scheduled to assume the role and join the board on September 8, 2026. She will be based at the company’s headquarters in Vancouver, British Columbia.
O’Neill joins Lululemon following a 25-year career at Nike Inc., where she most recently served as the president of consumer, product, and brand. During her tenure at Nike, she was a key architect of the company’s growth from a $9 billion business to a global leader with more than $45 billion in annual revenue. Her responsibilities included overseeing global product pipelines, brand strategy, and direct-to-consumer operations across more than 170 countries. O’Neill departed Nike in September 2025.
The appointment follows a comprehensive search process initiated after the departure of former CEO Calvin McDonald. McDonald, who led Lululemon since 2018, stepped down from his position and the board on January 31, 2026, to lead a beauty business. Under his leadership, the company tripled its annual revenue and expanded into 30 international markets. However, his final year was marked by significant headwinds, including a slowdown in North American sales and a stock price that fell more than 36% over the preceding 12 months.
Since McDonald’s exit, Lululemon has been managed by interim co-CEOs Meghan Frank, the Chief Financial Officer, and André Maestrini, the Chief Commercial Officer. Both executives will continue in their interim roles until O’Neill joins the company in September, at which point they will return to their previous senior leadership positions. Marti Morfitt, who was named Executive Chair in January to oversee the transition, will remain in that capacity to support the leadership change.
In a statement, Morfitt described O’Neill as a knowledgeable change and growth agent with a proven track record of driving disruptive innovation at scale. The board’s selection comes as Lululemon targets a revenue goal of $11 billion for the current fiscal year, despite slowing demand in its core domestic market. The company recently launched e-commerce operations in Mexico and is pursuing an expansion plan in Mainland China, which has become its second-largest market.
O’Neill’s arrival is expected to focus on accelerating product breakthroughs and deepening the brand’s cultural relevance globally. Lululemon continues to execute its Power of Three x2 growth strategy, which aims to significantly increase revenue across its men’s, digital, and international segments. The company stated that O’Neill’s experience in product and brand management will be central to its next phase of expansion.