Lululemon CEO Exits, Sheer Pants Link Unclear

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Lululemon's pants.

Lululemon's CEO of five-and-a-half years, Christine Day, will step down as soon as a successor is found, the company announced today. WWD reports:

Day said, "Plans have been laid for the next five years and a vision set for the next ten." She added that now is the right time to bring in a ceo who will drive the next phase of the firm's growth.

No explanation for her departure was given, but one head already rolled after that sheer-pants scandal earlier this year, so it's probably not related.