- Start
- Jan 31, 202690% CONFIDENCEfrom the source
Calvin McDonald Leaves as Frank and Maestrini Become Lululemon Co-CEOs
- Calvin McDonald stepped down as CEO and left the board effective 31 January 2026, staying on as a senior advisor until 31 March 2026[1]
- CFO Meghan Frank and President and Chief Commercial Officer André Maestrini became interim co-CEOs the same day, while Marti Morfitt continued as Executive Chair[1]
- Frank's salary rose to US$950,000; both co-CEOs received US$4.0 million retention equity awards and deferred cash bonuses payable when a permanent CEO starts or on 11 December 2026[1]
- Lululemon's leadership page records both as interim co-CEOs from February to September 2026[2]
- They served until Heidi O'Neill started as CEO[3]
References 487% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%sec.gov/Archives/edgar/data/1397187/000139718725000054/lulu-20251203.htmsec.gov· Posted Sep 24, 2026· Starts Jan 31, 2026 ✓· 35% of score
The 8-K says McDonald steps down "effective January 31, 2026" and Frank and Maestrini serve as interim co-CEOs "effective January 31, 2026"; lululemon's[2][4] leadership page confirms they served from February 2026.
- [2]85%lululemon Leadership Teamcorporate.lululemon.com· Added Sep 24, 2026· 35% of score
Frank and Maestrini each 'served as interim co-CEO' from February 2026 to September 2026.[1]
- [3]85%lululemon athletica inc. Form 8-K (Item 5.02), filed April 22, 2026sec.gov· Published Apr 22, 2026· 19% of score
Frank and Maestrini 'are expected to continue serving as interim co-Chief Executive Officers' until Heidi O'Neill joins.[1]
- [4]90%lululemon athletica inc. Announces CEO Succession Plancorporate.lululemon.com· Published Dec 11, 2025· 11% of score
Announces McDonald stepping down effective January 31, 2026 and the co-CEOs following his transition; he advises through March 31, 2026.[1]
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