Lululemon Athletica hires Tricia Patrick as new BoD member

A leading designer of yoga-inspired athletic clothes headquartered in Canada, Lululemon Athletica Inc., has announced that the company has appointed Tricia Patrick as a new member to its Board of Directors, effective immediately. Tricia Patrick currently works as the managing director at Advent International, an American global private equity firm.

At Advent, Patrick focuses on buyouts and growth equity investments in the retail, consumer, and leisure sector. Prior to joining Advent in 2016, she spent 12 years as an investment professional with Bain Capital Private Equity and before that, was with the private equity Group of Goldman, Sachs & Co. She has closed transactions across the retail, healthcare, business services, real estate, and media sectors, as well as internationally. She has an AB in Biochemical Sciences from Harvard College and an MBA from Harvard Business School.

Patrick was designated for appointment to the Board of Directors by Advent International in accordance with the terms of a support agreement between Lululemon Athletica and certain entities affiliated with Advent International, under which, Advent has a right to designate two people for nomination to serve on the Board of Directors for so long as Advent beneficially owns at least 10 per cent of the voting securities of Lululemon.

Laurent Potdevin, chief executive officer of Lululemon said, “We are excited to add Tricia Patrick to the Board. Her global experience across consumer sectors will bring further insight and operational expertise to Lululemon at a time of significant growth for the company.”