Lululemon to Seek New CEO for Mirror Unit as Founder Steps Down
(Bloomberg) -- Lululemon Athletica Inc. is looking for a new chief executive officer for its Mirror unit as its leader steps down just over a year after the at-home fitness company was acquired.
Brynn Putnam is leaving her role as CEO of Mirror but will continue to work as an adviser to the company through July, according to an internal memo Tuesday obtained by Bloomberg News. Putnam founded Mirror in 2016 and stayed on as CEO after the Vancouver-based company acquired it last year.
Lululemon named three internal executives to lead Mirror on an interim basis while it seeks a permanent successor: Chief Technology Officer Kristie D’Ambrosio-Correll, operations chief Olivia Lange and Tess Hales, the head of customer. Putnam will continue to help the company as it looks for “the right candidate to drive the brand’s next phase of growth,” according to the memo, which was signed by Lululemon CEO Calvin McDonald and Putnam.
A Lululemon representative declined to comment. CNBC reported earlier on the change.
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