Lululemon athletica’s CFO Leaves the Company

lululemon athletica (NASDAQ: LULU) announced a major change to its management team on Thursday. Chief Financial Officer Patrick Guido is leaving the company effective early next month, the apparel-specialist said.

Guido will be taking a leadership position at another company that operates outside of the apparel industry, according to Lululemon. "We would like to thank [Patrick] for his dedication and many contributions to lululemon," CEO Calvin McDonald explained in a press release. "Over the past two years, he had helped us grow and strengthen lululemon's finance organization." The chain has posted significant sales gains in that time, along with increasing gross profit margin.

Image source: Getty Images.

Source Fool.com