Lululemon stock sinks as athleisure company selects Nike veteran as new CEO
What happned: Lululemon (LULU) stock sank 5% in after-hours on Wednesday. What’s moving the stock: The athleisure company picked Nike (NKE) veteran Heidi O’Neill as its next CEO. O’Neill has over three decades of experience in the performance apparel industry. Her experience includes overseeing Nike’s product pipeline, brand voice, and operations, said LuluLemon in a…
