“This was a personal decision of mine,” CEO Christine Day said on a conference call, according to the Huffington Post. “Look, there’s never a perfect time to leave a company that you love. … As the company embarks on that next 10-year vision, the timing’s right to bring in the next person to lead.”
On Monday evening, Lululemon posted a Q&A to its website affirming that Day’s decision was her own, not the board’s, and that it was not precipitated by the recall of pants that consumers criticized for being “see-through.”
“The company has recovered from the setback around the black luon, and Christine is acting on her deep conviction that it is time to transition to a new CEO to lead the company through its next phase of growth,” the document states.
In March, Day explained that employees were handling returns of the black luon pants via a bend-over test.