Incoming CEO Heidi O’Neill delivered her first address to Lululemon Athletica Inc. employees this week.
O’Neill pledged to stabilize the athleisure brand following a 26% decline in share price since her appointment.
Investors linked the negative market reaction to concerns regarding O’Neill’s previous tenure at Nike.
The speech aimed to instill leadership confidence and address past strategic missteps as she prepares to lead the company.