Lululemon has named a top Sephora exec as its new CEO (LULU)

Brenan McDermid / REUTERS

Apparel maker Lululemon Athletica Inc on Tuesday named Calvin McDonald as its new chief executive officer, replacing Laurent Potdevin.

McDonald joins from cosmetics retailer Sephora, where he was head of the Americas region, and will start in his new role on Aug. 20.

Potdevin abruptly resigned from Lululemon in February for falling short of the company's "standards of conduct".

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