lululemon
Canadian yoga and athletic apparel brand lululemon announced the following executive changes:
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Calvin McDonald will step down from his roles as Chief Executive Officer and member of the Board of Directors, effective January 31, 2026.
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As of that date, Chief Financial Officer Meghan Frank and Chief Commercial Officer André Maestrini will serve as interim Co-CEOs.
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Board Chair Marti Morfitt has been appointed Executive Chair, effective immediately.
Calvin McDonald
lululemon’s Board of Directors has engaged a top-tier executive search firm to conduct a comprehensive search for the company’s next CEO. Until the appointment is finalized, the interim Co-CEOs will jointly oversee all aspects of the business.
Calvin McDonald is currently working closely with the Board to ensure a smooth transition. He will continue supporting the company as a Senior Advisor until March 31, 2026.
Since taking on the CEO role in 2018, Calvin McDonald has led lululemon through a period of rapid growth, with annual revenue more than doubling during his tenure. This fiscal year, revenue is expected to surpass USD 11 billion. The brand has expanded its global footprint to over 30 countries and regions, with the Chinese Mainland becoming lululemon’s second-largest market. The company’s product portfolio has also expanded, with significant growth in athletic and lifestyle categories, and formal entry into high-demand performance sportswear segments such as tennis and golf.
lululemon’s stock price has risen approximately 40% since Calvin McDonald became CEO in 2018. However, over the past year, shares have declined by nearly 54% due to softness in the North American market, bringing the company’s current market capitalization to approximately USD 22.4 billion.
During the leadership transition, Marti Morfitt will focus on executing the company’s short- and long-term growth strategies. She joined lululemon’s Board of Directors in 2008 and was appointed Chair in 2022. Since 2008, she has also led private equity firm River Rock Partners and has previously held senior leadership positions, including CEO of Airborne and President and CEO of CNS.
Meghan Frank has served as lululemon’s Chief Financial Officer since 2020. She joined the company in 2016 as Senior Vice President of Financial Planning and Analysis. Prior to that, she held senior finance and merchandise planning roles at retailers Ross Stores and J.Crew.
André Maestrini was appointed President and Chief Commercial Officer of lululemon in 2025. He joined the company in 2021 as Executive Vice President of International. Previously, he spent 14 years at adidas in a variety of global senior leadership roles.
Harley-Davidson
American motorcycle manufacturer Harley-Davidson has announced a series of leadership and organizational changes:
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Chief Financial Officer Jonathan Root will also assume the role of Chief Commercial Officer, creating a combined executive function.
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Bryan Niketh has been appointed Chief Operating Officer, effective January 5, 2026.
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Matt Ryan will serve as Chief Marketing and Technology Officer.
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Marcus Fischer has been named Chief Brand Officer.
Jonathan Root
Additionally, Bill Davidson, a fourth-generation member of Harley-Davidson’s founding family, has been named to the newly created role of Special Advisor to the CEO and Brand Ambassador. His responsibilities will focus on product development, brand building, rider culture cultivation, and community engagement. Karen Davidson will continue in her role as Brand Ambassador, and will take on a deeper role in marketing and brand teams, focusing on dealer collaboration, rider culture, and community operations.
In his expanded role, Jonathan Root will continue overseeing the company’s financial functions while leading commercial operations, with a focus on strengthening dealer relations and enhancing collaboration with Harley-Davidson Financial Services (HDFS).
Bryan Niketh returns to the brand with 20 years of prior experience at Harley-Davidson. Most recently, he served as President of White River Marine Group. In his new role, he will oversee product management, product development, and operations. His deep internal knowledge and fresh leadership perspective are expected to drive operational excellence.
In the newly created role of Chief Marketing and Technology Officer, Matt Ryan will oversee the company’s marketing, digital, and technology functions. He will be responsible for advancing data-driven marketing strategies, integrated digital user experiences, and deeper engagement with riders and consumers. His most recent role was Chief Marketing Officer at Boyd Gaming.
Marcus Fischer will lead brand strategy, creative direction, and long-term brand positioning, reporting directly to Matt Ryan. He previously worked at advertising agency Carmichael Lynch, which has developed several of Harley-Davidson’s iconic brand campaigns.
Dynafit / Oberalp
Italian outdoor apparel group Oberalp has appointed Philip Tavell as the new Brand Director of its mountain sports brand Dynafit, effective February 2026.
A Swedish national, Philip Tavell is a former professional mountain biker who competed with elite teams such as Cyclepro and Multivan-Merida.
In addition to his athletic background, Tavell brings extensive global leadership experience in product management, product development, and brand building. Most recently, he served as Vice President of the Outdoor Division at Helly Hansen. Earlier in his career, he held related roles at Red Bull, Craft, and other well-known brands.
With annual revenue nearing EUR 100 million, Dynafit is Oberalp Group’s second-largest brand after Salewa. The brand has evolved from its origins in ski mountaineering gear to become a benchmark in mountain sports across more than 50 countries and regions, serving athletes in trail running, mountaineering, and other alpine disciplines.
Keen
Outdoor footwear brand Keen has announced the appointment of Ann Radil as Senior Director of Keen Effect, the company’s dedicated division for corporate sustainability, philanthropy, and social advocacy.
In her new role, Radil will lead the development of Keen’s short- and long-term sustainability goals, implement quantifiable carbon reduction strategies, and accelerate the brand’s regenerative and circular design initiatives. Other priorities include continuing the company’s “Detox the Planet” initiative and maintaining Keen’s leadership in removing harmful substances from footwear products and its supply chain. She will also be responsible for enhancing the brand’s climate strategy and advancing science-based emissions reduction targets.
Circular economy initiatives are also a key focus area. Radil will work to fully integrate product reuse, repair, and responsible end-of-life solutions into the company’s innovation process.
Ann Radil is a climate scientist and most recently served as a Senior Sustainability Consultant at Watershed, advising Fortune 500 companies such as Walmart on decarbonization strategies, Scope 3 emissions planning, and climate disclosure compliance.
She also brings substantial experience in the footwear industry, having served as Director of Program Management at Nike, where she led the global implementation of circular economy projects.
| Source: Official Press Releases, FashionNetwork, The Business Journals
| Image Credit: Personal Social Media Accounts
| Editor: LeZhi
