Calvin McDonald has been the CEO of Lululemon Athletica since August 2018. He holds a Bachelor of Science from the University of Western Ontario and an MBA from the University of Toronto. Before joining Lululemon, he led Sephora in the...
Calvin McDonald has been the CEO of Lululemon Athletica since August 2018. He holds a Bachelor of Science from the University of Western Ontario and an MBA from the University of Toronto. Before joining Lululemon, he led Sephora in the Americas, where he helped expand the brand's presence significantly. His background also includes a stint as CEO of Sears Canada and 17 years at Loblaw Companies, which gave him a solid foundation in retail. Under his leadership, Lululemon has focused on its performance metrics, which include operating income and revenue, resulting in impressive bonus payouts for achieving goals. In 2023 alone, Calvin’s total compensation reached approximately $16.5 million, indicating the company's strong performance during his tenure. His commitment to aligning executive pay with company success reflects a pay-for-performance philosophy. Calvin's insider trading activity peaked in 2021, when his holdings grew exponentially, showing confidence in Lululemon's future. His strategies center around creating value not just for shareholders, but for all stakeholders involved in the Lululemon ecosystem.