VANCOUVER, British Columbia--(BUSINESS WIRE)--
lululemon athletica inc. (NASDAQ:LULU) today announces that Glenn
Murphy, Founder and CEO of FIS Holdings, has been appointed to the
company's Board of Directors as Co-Chairman, effective immediately.
Michael Casey will be stepping down from the role of Co-Chairman, and
remain a Director. Mr. Casey will also continue to Chair the
Compensation Committee and will remain on the Audit Committee.
"I am grateful for Michael's valuable contributions as Co-Chairman and
appreciate his continued commitment as part of the Board for the past 9
years," said David Mussafer, Co-Chairman of lululemon.
"I am delighted to welcome Glenn to the Board as Co-Chairman. An
experienced industry executive with more than 25 years in retail, he
brings an established track record as a strategic operator across major
retail brands," commented David Mussafer.
Laurent Potdevin, CEO, lululemon, added: "Glenn is a seasoned executive
with global expertise and I look forward to leveraging his strategic
thinking, skills and deep industry knowledge."
As Head of FIS Holdings, Mr. Murphy is responsible for leading the
high-impact consumer-focused investment firm deploying a combination of
operating guidance and capital flexibility. Prior to founding FIS
Holdings, he served as Chairman and CEO of The Gap, Inc. for seven
years. Mr. Murphy has also successfully led diverse retail businesses
and brands across grocery, pharma, health and beauty, books and
lifestyle; having previously served as CEO of Shoppers Drug Mart
Corporation, and CEO and President for the Retail Division of Chapters
Inc.Mr. Murphy began his career at Loblaws where he spent 14 successful
years. He is a graduate of the University of Western Ontario.
Since his return to Toronto, Mr. Murphy has been involved with
Sunnybrook Hospital as well as coaching recent university graduates in
their early career decisions.
About lululemon athletica inc.
lululemon athletica inc. (NASDAQ:LULU) is a healthy lifestyle inspired
athletic apparel company for yoga, running, training, and most other
sweaty pursuits, with products that create transformational experiences
for people to live happy, healthy, fun lives. Setting the bar in
technical fabrics and functional designs, lululemon works with yogis and
athletes in local communities for continuous research and product
feedback. For more information, visit www.lululemon.com.
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Source: lululemon athletica inc.
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