lululemon appoints former Nike executive Heidi O'Neill as CEO, effective September 8, 2026

lululemon athletica inc.

Heidi O'Neill, 61, former Nike President of Consumer, Product & Brand, named CEO and board member.
Base salary $1.4M, target bonus 200% of base, annual equity awards ~$10M plus one-time grants totalling $7M.
One-time cash retention bonus of $2M subject to 24-month clawback if she resigns without good reason.
Interim co-CEOs Meghan Frank and Andre Maestrini to continue until Ms. O'Neill joins.
O'Neill also serves on boards of Hyatt, Lithia Motors, and Spotify.

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