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Christine Day

By Occasional Contributors | 3 Minutes Read June 17, 2013

Succession planning: Apple did it right; why do so many do it wrong?

Lululemon announced Monday that chief executive officer Christine Day will be stepping down after a five-year tenure. Shares plummeted after the statement, down 15 percent by Tuesday morning. During her time as CEO, Day helped grow the high-end yoga brand’s sales to more than $1 billion annually. It’s clear that CEO transitions present a great deal of risk for shareholders, especially as new perceptions are formed. So what’s the best way to deal with risk mitigation during publicized CEO transitions?

Article by Occasional Contributors / Business / Apple, CEO transition, Christine Day, Internal Controls, lululemon, Risk mitigation, share value, Steve Jobs, succession planning, Tim Cook

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