lululemon athletica inc. has announced a significant restructuring of its senior leadership team, effective October 26, 2026. The company has appointed Maggie Gauger as President and Chief Product Officer and Joseph Godsey as Chief Operating Officer, both of which are newly created roles.
Maggie Gauger joins the company from Athleta, where she most recently served as President and CEO. She brings more than 28 years of experience in athletic apparel and footwear, including over two decades at Nike, Inc., where she served as Vice President and General Manager of its North America Women’s Business. Under her employment agreement, Ms. Gauger will receive an annual base salary of $1,000,000, eligibility for an annual bonus with a target of 150% of base salary, a sign-on bonus of $1,900,000, and a one-time restricted stock unit (RSU) grant valued at $2,800,000.
Joseph Godsey joins lululemon from Walmart Canada, where he most recently served as Chief Growth Officer. He brings more than 20 years of experience in enterprise leadership, including roles at Sam’s Club and adidas. Under his employment agreement, Mr. Godsey will receive 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 $2,000,000.
In connection with these changes, Nikki Neuburger, Chief Brand and Product Activation Officer, and Ted Dagnese, Chief Supply Chain Officer, will depart the company on November 6, 2026. Both departures are being treated as terminations without cause.
Chief Financial Officer Meghan Frank will continue in her role and take on expanded responsibilities, including interim oversight of the global brand and global technology functions until a Chief Brand Officer and a new Chief Technology Officer are appointed. Searches are currently underway for these positions, as well as for a Chief Communications Officer and a Chief Strategy Officer.
