REI's board of directors has nominated former Lululemon CEO Christine Day to fill one of two positions on the board that will open up at the cooperative's annual meeting in May.
Day, pictured to the right, is CEO of Luvo, a Blaine, WA-based frozen foods company focused on health foods. Under the first five years of her tenure as Lululemon's CEO, the apparel company's sales grew nearly fivefold to $1.37 billion. Before joined Lululemon in 2008, she was a long-time Starbucks executive.
“Her extensive executive experience in specialty retail and her passion for outdoor recreation are an ideal combination for the co-op,” said REI Chairman John Hamlin.
Day will take one of two positions being vacated by outgoing board members Gerry Lopez and Chloe Harford. REI board members serve 12-year terms.
Hamlin also said he will step down as REI's chairman after an unusually long four-year term that was extended to ensure the smooth transition between former CEO Sally Jewell and current CEO Jerry Stritzke, who was named to the position in 2013, after Jewell left REI to become U.S. Secretary of Interior.
REI members will vote on directors at the cooperative's annual meeting May 4.
