Lululemon Athletica adds Glenn Murphy to its Board of Directors

Lululemon Athletica has appointed Glenn Murphy, Founder and CEO of FIS Holdings to the company's Board of Directors as Co-Chairman, effective immediately. The company said, Michael Casey will be stepping down from the role of co-chairman, and remain a Director and will also continue to Chair the compensation committee and will remain on the audit committee.

"I am grateful for Michael's valuable contributions as co-chairman and appreciate his continued commitment as part of the Board for the past nine years," said David Mussafer, Co-Chairman of Lululemon in a statement, adding, "I am delighted to welcome Glenn to the Board as Co-Chairman. An experienced industry executive with more than 25 years in retail, he brings an established track record as a strategic operator across major retail brands."

"Glenn is a seasoned executive with global expertise and I look forward to leveraging his strategic thinking, skills and deep industry knowledge," added Laurent Potdevin, CEO of Lululemon.

The statement added that as Head of FIS Holdings, Murphy is responsible for leading the high-impact consumer-focused investment firm deploying a combination of operating guidance and capital flexibility. Prior to founding FIS Holdings, he served as chairman and CEO of The Gap for seven years. He has also led diverse retail businesses and brands across grocery, pharma, health and beauty, books and lifestyle; having previously served as CEO of Shoppers Drug Mart Corporation, and CEO and president for the retail division of Chapters.

Murphy began his career at Loblaws where he spent 14 years. Since his return to Toronto, Murphy has also been involved with Sunnybrook Hospital as well as coaching recent university graduates in their early career decisions.

Picture:Facebook/Lululemon Athletica