Lululemon announced a significant restructuring of its senior leadership team to support its next phase of growth. The company is appointing two executives to newly created senior roles and has announced the upcoming departure of its Chief Brand and Product Activation Officer and Chief Supply Chain Officer.
Key Details
- New Appointments: Maggie Gauger (formerly President & CEO of Athleta) was appointed President & Chief Product Officer, and Joseph Godsey (formerly of Walmart Canada) was appointed Chief Operating Officer. Both appointments are effective October 26, 2026.
- Executive Departures: Nikki Neuburger, Chief Brand and Product Activation Officer, and Ted Dagnese, Chief Supply Chain Officer, will depart the company on November 6, 2026.
- Compensation Terms: Ms. Gauger's compensation includes a $1M base salary, a $1.9M sign-on bonus, and a $2.8M RSU grant. Mr. Godsey's includes a $700K base salary, a $650K sign-on bonus, and a $2M RSU grant.
- Ongoing Searches: The company is actively searching for a new Chief Brand Officer, Chief Technology Officer, and Chief Communications Officer to complete the new leadership structure.