Lu­l­ule­mon Ath­let­ica's CEO Lau­rent Pot­devin re­signs over ‘mis­con­duct'

Apparel Online - - Fashion Business -

Lau­rent Pot­devin, Chief Ex­ec­u­tive Of­fi­cer of Lu­l­ule­mon Ath­let­ica

Inc., an Amer­i­can yoga-in­spired ap­parel brand, has re­signed from his post with im­me­di­ate ef­fect. Pot­devin will no longer be a mem­ber of the com­pany’s Board of Direc­tors as well. He was ap­pointed to Board in De­cem­ber 2013. Rea­sons for his res­ig­na­tion are not yet known but me­dia re­ports claim that an in­ter­nal is­sue has led to his res­ig­na­tion. Also, there was a se­ries of in­ci­dents that breached the com­pany’s code of con­duct. “The Board is re­spon­si­ble for pro­tect­ing the or­ga­ni­za­tion’s cul­ture as it is at the core of Lu­l­ule­mon,” said Glenn Mur­phy, Ex­ec­u­tive Chair­man of Board.

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