Lululemon’s CEO Resigns, Company Cites Poor Conduct

“Laurent Potdevin has resigned as CEO and as a member of the company’s Board of Directors, effective immediately. Lululemon expects all employees to exemplify the highest levels of integrity and respect for one another, and Mr. Potdevin fell short of these standards of conduct,” the Vancouver-based athleisure wear maker said in a statement released on February 5. In a separate regulatory filing, Lululemon said that it has agreed to pay Potdevin $3.4 million as an upfront cash payment and $1.7 million over the next 18 months.