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    Calvin McDonald

    CEO at Lululemon Athletica Inc
    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 Inc

    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