Lululemon’s Chief Executive Resigns Over Behavior<br />Glenn Murphy, the company’s executive chairman, thanked Mr. Potdevin for “his work strengthening the company<br />and positioning it for the future.” Mr. Murphy, a former chief executive and chairman of Gap, will take on extra duties.<br />In a separation agreement dated Friday and filed with regulators, Lululemon said it would give Mr. Potdevin<br />an upfront cash payment of $3.35 million, followed by $1.65 million spread over 18 months.<br />Laurent Potdevin, the chief executive of Lululemon Athletica, the company famous for its leggings and role in the creation of the athleisure trend, resigned because of behavior<br />that fell short of the athletic apparel maker’s standards of conduct, the company said on Monday.<br />Mr. Potdevin, who was president of Toms Shoes and chief executive of Burton Snowboards<br />before joining Lululemon in early 2014, also stepped down from the board.<br />The company said Mr. Potdevin, 50, had failed to “exemplify the highest levels of integrity<br />and respect for one another,” but declined to give specific examples.<br />By combining the hippy-esque styling of most yoga clothes with the performance specifications of sports brands such as Nike and Adidas, the company and its founder, Dennis J. Wilson, created workout clothes<br />that could be worn in everyday life to telegraph a value system and lifestyle
