On the heels of consumer backlash about the Ayn Rand-inspired quotation that appeared on some Lululemon bags (see story here), Lululemon has made the news again this week as Christine Day was named CEO of the Year by Report on the Business (and the first ever woman to do so!).
The Toronto Sun reports in an article this morning:
Lululemon Athletica Inc.’s Christine Day has become the first woman to be crowned chief executive of the year by a leading business magazine.
Day was chosen for “her ability to create a remarkable bond between the brand and its ultra-loyal fans,” the Report on Business said Wednesday.
Since Day joined the company in 2008, Lululemon has gone from a niche Vancouver startup specializing in yoga wear to an international lifestyle brand
worth nearly $5 billion.
Day has a knack for building strong corporate cultures and cult-like followings around consumer goods. Prior to Lululemon, she spent 20 years at Starbucks, where she held several key management positions.
Day – wife and mother of three now living in Vancouver – has a BA from Central Washington University and is a graduate of Harvard Business School’s Advanced Management Program.
Last year, the magazine named Quebecor’s Pierre Karl Peladeau, Wind Mobile’s Anthony Lacavera and Shaw’s Jim Shaw CEOs of the year. Past winners also include Chrysler’s Sergio Marchionne and Fairfax Financial’s Prem Watsa.