Toronto Stock Exchange

Lululemon CEO Christine Day to step down after sheer-pants scandal

Lululemon CEO Christine Day to step down after sheer-pants scandal

Lululemon Athletica Inc.’s black yoga pants may have made a comeback after being recalled for being too sheer, but the same can’t be said for the company’s chief executive, Christine Day.

Five and a half years after taking over the helm at the Vancouver, Canada, yoga wear brand, Day will step down once a replacement is found, Lululemon said in a statement Monday.

Board members formed a search committee to find Day’s successor but decided to announce her departure to ensure...

62°