Lululemon Taps Nike Veteran Heidi O’Neill as CEO, Stock Slips After Hours
Lululemon named Heidi O’Neill, a longtime Nike executive, as its next CEO, effective September 8, 2026, with the board approving the move. The announcement sent LULU shares down about 5% in after-hours trading as investors weigh leadership change against a slower growth backdrop and ongoing inventory/competition challenges.