Together, and building on Bob's accomplishments, we will create new opportunities for growth while carefully maintaining the values and culture for which this Company is so well known.”
Mr. Meers will retire from his position as CEO of lululemon on June 30, 2008. He will serve as an advisor until the end of the Company's 2008 fiscal year. Mr. Meers joined lululemon in December 2005 and was instrumental in establishing the strategic platform for the lululemon brand and its growth throughout North America and internationally. He assembled the senior management team and, under his leadership, led the Company through its IPO in July 2007.
Chip Wilson, Chairman of the Board, founder and Chief Designer of Product, said, “Bob Meers was tremendous in taking the original lululemon vision and creating a company with the infrastructure and expertise to grow in the United States. On behalf of everyone at lululemon, I would like to thank Bob for his outstanding leadership.”
Mr. Wilson continued, “I am excited to have Christine lead our company. Through her extensive experience at Starbucks, she knows how to take a culturally-rich company through rapid growth to reach its full potential. I look forward to working with Christine as we enter into this new, exciting era for lululemon.”