Lululemon CEO Laurent Potdevin resigns over issue of misconduct

Lululemon Athletica Inc’s chief executive Laurent Potdevin has resigned from the position and as a member of the company's board of directors, effective immediately. The company said in a statement that Lululemon expects all employees to exemplify the highest levels of integrity and respect for one another, and Potdevin fell short of these standards of conduct and that the board has begun a search to hire a new global chief executive officer.