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Calvin McDonald

CEO at lululemon athletica
Board
Since August 2018
Age
52 years
Education
Earned an MBA from the University of Toronto and a Bachelor of Science degree from the University of Western Ontario.
Tenure
Became CEO and joined the board of lululemon in August 2018, playing a key role in driving innovation and global expansion.

Also at lululemon athletica

AM
Andr\u00e9 Maestrini
EVP, International
CB
Celeste Burgoyne
President, Americas and Global Guest Innovation
MF
Meghan Frank
CFO

About

Calvin McDonald, age 52 as of April 2024 , has a deep foundation in business leadership and a strong academic background. He earned an MBA from the University of Toronto and a Bachelor of Science degree from the University of Western Ontario, which has been instrumental in shaping his strategic approach.

Beginning his career with a significant tenure at Loblaw Companies Limited, where he spent 17 years honing his expertise, he later led Sears Canada through a challenging period and managed the growth of Sephora Americas as its President and CEO for five years.

Joining lululemon in August 2018, he assumed the role of CEO and a position on the board of directors, where he has been pivotal in strengthening the brand’s market presence and innovating its digital and guest engagement strategies.

Beyond his responsibilities at lululemon, he also contributes his expertise as a member of the Board of Directors at The Walt Disney Company, further reflecting his broad influence across multiple industries.

$LULU Performance Under Calvin McDonald

Past Roles

Organization Role Date Range Details
Sephora Americas President and Chief Executive Officer 2013–2018 Division of LVMH group of luxury brands
Sears Canada President and Chief Executive Officer 2011–2013 Held position for two years
Loblaw Companies Limited Various Roles N/A 17-year tenure

External Roles

Organization Role Date Range
The Walt Disney Company Board of Directors Current (N/A)

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$1,300,000 Annual Fixed annual base salary
Relocation Costs and Personal Tax Preparation Fees$15,480 Annual Part of All Other Compensation
Tax Gross-Ups$17,810 Annual Part of All Other Compensation
Total All Other Compensation$33,290 Annual Sum of all other fixed compensation items

Performance Compensation

Data from  FY 2023

Annual Cash Bonus

MetricValueDetails/WeightingCitation
Performance MetricsOperating Income, Net RevenueEach at 50% weighting
Threshold Bonus$1,292,308Minimum performance level required
Target Bonus$2,584,615200% of base salary as target bonus
Maximum Bonus$5,169,231200% payout level achieved for maximum performance
Grant DateMarch 30, 2023Award granted on this date
Vesting ScheduleN/AOne-time annual performance-based payout
Actual Outcome$5,169,231Achieved maximum performance (200% payout)

Performance-Based Restricted Stock Unit (PSU)

MetricValueAdditional DetailsCitation
Threshold Shares6,982 sharesMinimum performance level
Target Shares13,963 sharesTarget performance level
Maximum Shares27,926 sharesMaximum performance level
Grant DateMarch 30, 2023PSU grant date
Grant Date Fair Value$5,000,011Valuation at grant
Grant Date Stock Price$358.09 per shareBase price used for related stock options
Vesting ScheduleThree-year performance periodContingent on achieving set financial goals
Performance MetricsFinancial performance metrics (specific details not disclosed)Aligned with company goals & shareholder interests