Lululemon Athletica Inc., a yoga-inspired apparel athletic company based in the US, announced a leadership change as its Executive Vice President and Creative Director Lee Holman (since October 2015) has resigned due to some personal reasons.
Lee will, however, continue to enact his current role till the end of this calendar year.
The company is yet to make an announcement on his successor.
Lee became a part of Lululemon in 2014 and has 20 years of design and leadership experience.
Previously, Lee has served as Director of Nike Sportswear and as Vice President of Global Apparel, Innovation and Equipment Design Men’s & Women’s.
On the financial front, the yoga brand is expecting a great fourth quarter due to the upcoming holiday season.
Laurent Potdevin, CEO, Lululemon Athletica said, “The strength of our performance reinforces our leadership in the market we created. I’m energized by the momentum in our business as we enter the holiday season.”
Though the company is yet to announce its financial results for the third quarter, it expects third-quarter revenue to be in the range of US $ 605 to US $ 615 million.