Lululemon seeks new leader after CEO's misconduct leads to exit
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New York
LAURENT Potdevin, who ran Lululemon Athletica Inc for four years and brought a passion for "mindfulness" to the job, is now leaving the yogawear brand under a cloud of misconduct.
The 50-year-old chief executive officer abruptly resigned on Monday in the wake of unprofessional behaviour that the company declined to identify. Mr Potdevin will receive a payment of US$5 million from Lululemon, which has begun a search for a new leader.
