Lululemon Chief Executive Calvin McDonald to Depart Next Month

Lululemon Athletica LULU 10.39%increase; green up pointing triangle Chief Executive Calvin McDonald will step down in January, according to the athletic gear maker, which has been under pressure from its founder to make changes to reverse its “loss of cool.”

McDonald will also relinquish his board seat but remain a senior adviser through March to facilitate a smooth transition, the company said.