Lululemon Chief Strategy Officer Rachel Acheson has departed the company.
The exit occurs one month before the scheduled leadership transition. Incoming CEO Heidi O'Neill begins her tenure on September 8, 2026.
Lululemon appointed O'Neill, a veteran Nike executive, in April 2026. The leadership transition follows a sales slowdown in the Americas and rising market competition. Acheson’s departure allows the incoming CEO to set a new strategic direction.