Christine Day. She's planning to step down as CEO of Lululemon.
Credit Brendan McDermid / Reuters /Landov
Saying that "now is the right time to bring in a CEO who will drive the next phase of Lululemon's development and growth," the yoga and athletic clothing company's chief has announced she's stepping down.
Christine Day will stay on in her job until a successor is found, Lululemon says.
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This is MORNING EDITION from NPR News. I'm Renee Montagne.
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On Monday, the company announced that CEO Christine Day will step down once a replacement is found. This comes after an embarrassing year for the company which makes fashionable yoga-wear. A recent recall of see-through plants could cost the company $40 million.