lululemon has promoted Meghan Frank to Chief Financial Officer effective November 23. As CFO, Meghan will assume responsibility for the finance, tax, treasury, investor relations, asset protection, facilities, operations excellence, and strategy functions of the business.
“Meghan has a unique and comprehensive understanding of retail gained through her experience across finance and merchandise planning,” said Calvin McDonald, CEO of lululemon. “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.”
“I’m honored to be taking on this role and working alongside an incredibly talented leadership team,” said Meghan Frank. “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.”
Meghan joined lululemon in 2016 as Senior Vice President of Financial Planning and Analysis and, since April, has served as interim co-CFO, along with Alex Grieve, Vice President, Controller for the company. She has more than 20 years of experience within the retail industry, and previously held senior roles at Ross Stores and J.Crew. She earned her B.A. from Colgate University.
Kourtney Gibson will serve on the board effective immediately.
Following an acquisition announcement this summer, lululemon will offer MIRROR in its stores in the United States, starting with 18 locations this holiday season.