Dive Summary:
- Lululemon Athletica Inc. has named a former Kmart executive as the company’s new chief product officer.
- Tara Poseley will take over the new role following the quick departure of former Lululemon executive Sheree Waterson in March.
- Poseley recently served as head of Kmart’s apparel division, president of Disney retail stores and interim president of Bebe.
Dive Insight:
Lululemon is still searching for an executive as CEO to fill the role resigned by Christine Day following the sheer pants debacle earlier this year. The new hire should help stabilize the Lululemon executive team as their search for a new chief executive continues.
