Lululemon has named Meghan Frank, a company veteran, as its new chief financial officer on Friday. Frank will be the first woman to hold the title at the company.
Starting in her role today, Frank will be responsible for finance, tax, treasury, investor relations, asset protection, facilities, operations excellence and strategy.
“Meghan has a unique and comprehensive understanding of retail gained through her experience across finance and merchandise planning. Earlier this year, when we started to navigate the COVID-19 environment, Meghan confidently took on more responsibility within the company and demonstrated agility, business acumen, and natural leadership skills. I’m thrilled to be working closely with her in her new role and benefiting from her strategic insights,” said Calvin McDonald, CEO of Lululemon.
Frank replaces Patrick (“PJ”) Guido, who originally departed back in May. Since his departure, Frank has acted and served as interim co-CFO alongside Vice President and Controller Alex Grieve.
Frank brings over 20 years of experience, which includes senior positions at retailers like Ross Stores and J. Crew.
“I’m honored to be taking on this role and working alongside an incredibly talented leadership team,” Frank said. “We continue to see many opportunities ahead for Lululemon and I’m excited to be part of the journey as we further build on our momentum and work to deliver on our strategic growth priorities.”
Frank originally joined the Lululemon team back in 2016 as the retailer’s vice president of financial planning and analysis.
The news follows Lululemon’s appointment of Kourtney Gibson, who joined the retailer’s board of directors last week.