lululemon Appoints Ranju Das as the Company's First Chief AI & Technology Officer

20+ Year Technology Executive Brings Deep Experience Across Enterprise Systems, Digital Innovation, and AI and Machine Learning

lululemon (NASDAQ:LULU) today announced that it has appointed Ranju Das as Chief AI & Technology Officer, effective September 2, 2025. In this newly created role, Mr. Das will be responsible for leading the company's technology organization and driving the development and execution of the next phase of lululemon's technology and AI strategy. He will report to Chief Executive Officer, Calvin McDonald, and will join the company's Senior Leadership Team.

"We see an exciting opportunity to further leverage AI and technology to advance our product innovation process, improve our agility and speed to market, and bring more engagement and personalization to our guest experience," said Mr. McDonald. "Ranju's breadth of expertise and proven track record of leading large-scale technology and AI transformations make him the ideal individual to drive this work forward at lululemon and take our technology organization to the next level. We're thrilled to welcome Ranju to the team."

Mr. Das has over two decades of leadership experience scaling global organizations and driving AI-first innovation in healthcare, financial technology, and consumer technology. He previously held the role of CEO and founder of Swan AI Studios, where he led the development of cutting-edge AI platforms and applications across industries.

Before founding Swan AI Studios, Mr. Das served as CEO of OptumLabs, the R&D arm of UnitedHealth Group, where he led transformative AI and data-driven initiatives across healthcare and insurance verticals. Prior to OptumLabs, he spent nearly eight years at Amazon, ultimately serving as General Manager for Amazon AI Services, where he built and scaled some of the company's key AI offerings. His career also includes 12 years of engineering and leadership roles at Barnes & Noble, as well as co-founding a number of startups. Mr. Das began his career as a software engineer and holds a Bachelor of Science in Civil and Structural Engineering from Annamalai University.

"I'm excited to join lululemon at a pivotal time in the company's technology transformation journey," said Mr. Das. "The opportunity to leverage technology and AI across the retail value chain to elevate how we serve our guests has never been greater. I look forward to working with lululemon's teams to advance the company's data, technology, and AI strategies to drive ongoing growth, operational excellence, best-in-class product, and exceptional guest experiences."

lululemon also announced today that Chief Information Officer Julie Averill will depart the company in September as part of a planned leadership transition to pursue other opportunities.

Mr. McDonald added, "I would like to thank Julie for her leadership and the strong technology foundation she has helped build at lululemon over the past eight years. We wish her all the best in her future endeavors."

About lululemon

lululemon (NASDAQ:LULU) is a technical athletic apparel, footwear, and accessories company for yoga, running, training, and most other activities, creating transformational products and experiences that build meaningful connections, unlocking greater possibility and wellbeing for all. Setting the bar in innovation of fabrics and functional designs, lululemon works with yogis and athletes in local communities around the world for continuous research and product feedback. For more information, visit lululemon.com.

Forward-looking statements:

This press release contains forward-looking statements, which reflect lululemon's current expectations and plans. These statements are subject to various risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could affect our future performance are included in our filings with the Securities and Exchange Commission, including our most recent reports on Forms 10-K, 10-Q, and 8-K. We undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of this release.

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