lululemon Reports Leadership Team Updates
Summary
lululemon announced leadership changes, including the departure of Celeste Burgoyne, President of the Americas and Global Guest Innovation, effective December 31, 2025, as she pursues a new opportunity outside the industry (via Ex. 99.1). Andre Maestrini, previously Executive Vice President, International, has been appointed President and Chief Commercial Officer, effective November 21, 2025. Mr. Maestrini's employment agreement includes a base salary of USD $950,000, eligibility for an annual bonus, and participation in benefit plans.
Why It Matters
The departure of Celeste Burgoyne, a long-standing President who led significant growth in the Americas, and the appointment of Andre Maestrini as President and Chief Commercial Officer, signal a strategic shift in leadership. Maestrini's extensive international experience could influence future global expansion and commercial strategy.
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Key Quote
“On November 21, 2025, we announced that our board of directors has appointed Andre Maestrini as lululemon's president and chief commercial officer, effective immediately.”
— From Item 5.02
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001397187
- Filing Date
- Friday, November 21, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral