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Former Nike executive picked as next Lululemon CEO, WSJ reports

Lululemon Athletica (LULU) is hiring longtime Nike (NKE) executive Heidi O’Neill to be its next Chief Executive and the company plans to announce the selection Wednesday, according to The Wall Street Journal. O’Neill departed Nike last September after spending more than two decades there, most recently serving as president of consumer, product and brand, the report noted.

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