Lululemon athletica adds Glenn Murphy to board of directors

Lululemon athletica Inc, an athletic apparel retailer, has appointed Glenn Murphy, founder and CEO of FIS Holdings, to its Board of directors as co-chairman, effective immediately. Michael Casey would be stepping down from the co-chairman’s role and remain a director. Casey would also continue to chair compensation committee and remain on the audit committee.

"I am delighted to welcome Glenn to the Board as co-chairman. An experienced industry executive with more than 25 years in retail, he brings an established track record as a strategic operator across major retail brands," said David Mussafer, co-chairman of Lululemon.

"Glenn is a seasoned executive with global expertise and I look forward to leveraging his strategic thinking, skills and deep industry knowledge," said Laurent Potdevin, CEO, Lululemon.

Murphy is a graduate of the University of Western Ontario and is responsible for leading the high-impact consumer-focused investment firm deploying a combination of operating guidance and capital flexibility, being a head of FIS Holding. Prior to founding FIS Holdings, Murphy has served in firms like The Gap, Inc, Shoppers Drug Mart Corporation, Chapters Inc and Loblaws.