Lululemon's chief operating officer to leave the company in new year

Marco Green
December 12, 2019

The company told The Wall Street Journal that the search for a new CEO has been underway since the spring, implying that The Verge's reportingwas not the reason Korey was stepping down.

He was part of the team that guided the company after Laurent Potdevin's exit as chief executive officer in February 2018 until Calvin McDonald took charge in July previous year. He's helped us develop senior leaders across the organization, who are ready and able to take on additional responsibilities.

"Over the past eight months, I led the recruiting process that led us to bringing on Stuart, and I'm so thrilled for him to join the company as Away's CEO", Korey wrote.

Haselden joined Vancouver-based Lululemon as chief financial officer in 2015 from peer J Crew and became the COO in May 2017.

The company says it has begun an external search to fill Haselden's vice president position.

The company reports third quarter earnings results on Wednesday, December 11.

Haselden spent five years with lululemon, and during this time the retailer doubled its revenue and grew its market cap from $6 billion to almost $30 billion.

Far CEO Steph Korey retires after The Verge's report on toxic culture at the start of luggage. "Stuart's deep experience across our three pillars of growth-product, retail, and international-and his passion for building, leading, and coaching teams will undoubtedly provide Away with the experience and leadership we need for long-term success". Korey, one of the company's co-founders, will continue on as executive chairman of the company.

"In just under four decades, Jen and Steph have assembled an exciting and tumultuous brand which has redefined how folks look at traveling".

"Stuart's impressive track record in strategically scaling retail businesses and teams offers invaluable expertise as Away enters its next phase of growth", said Korey. "When they approached me about joining, not only was overwhelmed with the remarkable company that off is now, but also the massive potential that lies ahead", explained Haselden, that will also receive a chair on the board. "But we don't want that to overshadow this announcement".

"At times, I expressed myself in ways that hurt the team".

Other reports by Click Lancashire

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