SHLDQ Sears Holdings Corporation (CE)

By Maria Armental 

Lululemon Athletica Inc. has created two posts to oversee the brand's direction and shore up shipping and delivery operations.

Already struggling to improve quality amid high executive turnover and board infighting, the yoga-inspired athletic apparel retailer has been hard-hit by the West Coast port congestion. Based in Vancouver, Canada, most of its products are made South and South East Asia.

The retailer also had to grapple with supply-chain delays and brand damage following some product recalls, including yoga pants in 2013 and more recently hooded sweatshirts.

Tara Poseley, a former senior Sears Holding Corp. executive, was hired in 2013 to lead merchandising, product design and strategic planning in the aftermath of the yoga pants recall.

Ms. Poseley is to leave the company "after a transition period," Lululemon said, without elaborating further.

For the year ended on Feb. 1, Ms. Poseley's total compensation was $2.4 million, including a $779,997 special one-time, equity award.

Lee Holman, who joined the retailer last year as a senior vice president in charge of women's clothing, has been promoted to executive vice president in the new post of creative director. Mr. Holman, who held a similar posts at Nike Inc. and Burberry Group PLC, will now oversee men's and women's design and report directly to Chief Executive Laurent Potdevin.

Tom Waller has been promoted to senior vice president at Whitespace, the company's research and development laboratory. Mr. Waller also reports to Mr. Potdevin.

Chief Financial Officer Stuart Haselden will take on additional responsibilities as executive vice president for operations.

Meanwhile, Lululemon executives are searching for a chief supply chain officer, who will report to Mr. Haselden.

Shares, down nearly 7% this year, fell 1% to $51.47 in late trading.

Write to Maria Armental at maria.armental@wsj.com

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(END) Dow Jones Newswires

October 21, 2015 20:29 ET (00:29 GMT)

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