After two years serving as CFO of Lululemon (Vancouver, British Columbia), Patrick Guido will depart the activewear company May 8, reports Retail Dive.
Guido is leaving the company to assume a leadership role at Asbury Automotive Group (Duluth, Ga.) starting May 11.
As Lululemon searches for a replacement, Senior VP of Financial Planning & Analysis Meghan Frank and Vice President and Controller Alex Grieve will fill in as leaders of the finance team, says Retail Dive.
"Of any time to lose a CFO, now is the worst," said Neil Saunders, Global Data Retail Managing Director to Retail Dive, “In this crisis, you need a very firm grip on finance and the balance sheet. You need an expert."