Lululemon is overhauling its C-suite about a month after Heidi O'Neill became CEO, appointing former Athleta CEO Maggie Gauger as chief product officer and Walmart Canada Chief Growth Officer Joseph Godsey as chief operating officer. Both newly created roles take effect Oct. 26. Chief Brand Officer Nikki Neuburger and Chief Supply Chain Officer Ted Dagnese will leave on Nov. 6, while Lululemon searches for replacements and other senior leaders. CFO Meghan Frank will oversee global brand and technology functions until those appointments are made. The changes are intended to rebuild the company’s connection with customers and establish a foundation for sustainable, long-term growth as Lululemon addresses product missteps, recalls, shifting preferences and competition from newer rivals. Shares have nearly halved this year and are on track for a third straight annual decline, while net income is expected to fall nearly 40% from fiscal 2024, according to LSEG data.