Lululemon Athletica Inc. announced the promotion of Meghan Frank to CFO. Frank joined Lululemon in 2016 and, effective November 23, will become the company’s first female CFO.
Calvin McDonald, CEO, Lululemon, said: “Meghan has a unique and comprehensive understanding of retail gained through her experience across finance and merchandise planning. Earlier this year, when we started to navigate the COVID-19 environment, Meghan confidently took on more responsibility within the company and demonstrated agility, business acumen, and natural leadership skills. I’m thrilled to be working closely with her in her new role and benefiting from her strategic insights.”
“I’m honored to be taking on this role and working alongside an incredibly talented leadership team,” said Frank. “We continue to see many opportunities ahead for Lululemon and I’m excited to be part of the journey as we further build on our momentum and work to deliver on our strategic growth priorities.”
Frank has more than 20 years of experience within the retail industry. She joined Lululemon in 2016 as senior vice president of financial planning and analysis and, since April, has served as interim co-CFO with Alex Grieve, vice president, controller for the company.
Previously, Frank held senior roles at Ross Stores and J.Crew, where she served for nearly a decade. As CFO, Frank will assume responsibility for the finance, tax, treasury, investor relations, asset protection, facilities, operations excellence, and strategy functions.
Photo courtesy Lululemon