lululemon athletica names Maggie Gauger and Joseph Godsey to new senior roles

On September 30, 2026, lululemon athletica entered into employment agreements appointing Maggie Gauger as president and chief product officer and Joseph Godsey as chief operating officer. Both are newly created roles, effective October 26, 2026. Gauger joins from Athleta, where she was president and chief executive officer, and Godsey joins from Walmart Canada, where he was chief growth officer.

The company said Chief Brand and Product Activation Officer Nikki Neuburger and Chief Supply Chain Officer Ted Dagnese will leave to pursue other opportunities, departing on November 6, 2026. According to the filing, each departure will be treated as a termination without cause for purposes of the officer's employment agreement.

The company said Meghan Frank will receive a retention equity award in connection with her expanded responsibilities. Searches are underway for a chief brand officer, a chief communications officer, a chief technology officer and a chief strategy officer. The company said it will announce each appointment once its search is complete.

According to the filing, Gauger's employment agreement provides an annual base salary of $1 million, eligibility for an annual bonus with a target of 150% of base salary, a sign-on bonus of $1.9 million and a one-time RSU grant valued at $2.8 million vesting over two years. Her sign-on bonus is subject to pro-rata repayment if she voluntarily resigns or is terminated for cause within 24 months.

According to the filing, Godsey's employment agreement provides an annual base salary of $700,000, eligibility for an annual bonus with a target of 100% of base salary, a sign-on bonus of $650,000 and a one-time RSU grant valued at $2 million vesting over two years. His sign-on bonus is subject to pro-rata repayment if he voluntarily resigns or is terminated for cause within 24 months.