Robert Meers served as the CEO of lululemon athletica from December 2005 to June 2008. During his time, he oversaw significant changes in the company, which fundamentally reshaped the athletic retail industry. He had a straightforward approach to compensation; in...
Robert Meers served as the CEO of lululemon athletica from December 2005 to June 2008. During his time, he oversaw significant changes in the company, which fundamentally reshaped the athletic retail industry. He had a straightforward approach to compensation; in 2007, he earned $2.07 million, with a portion coming from stock options that reflected the company's growth. However, in 2008, no bonuses were paid due to unmet targets in their performance metrics. Notably, Meers' career at lululemon began as the brand started gaining recognition, and he played a key role in its expansion. After resigning, he agreed to a transition deal that included a special cash bonus tied to the company's financial performance and an acceleration of stock options. His insight and leadership helped set the stage for lululemon's ongoing success, giving it a strong foundation as it moved forward without him.