Athleisure brand adds new tech lead

Lululemon has named a new chief technology officer.



According to a report in GeekWire, Julie Averill is joining the retailer as its new executive VP and chief technology officer. Currently, Averill is the CIO at REI.



Averill led REI’s technology strategy and IT operations for three years. She also spearheaded the company’s migration to the cloud, according to the report.



In the report, a Lululemon spokesperson said the company is “thrilled to welcome Julie Averill to the Lululemon team as executive VP and chief technology officer.”



Lululemon is expected to announce sales for its fiscal second quarter on June 1, after the market closes. Based on 15 analysts' forecasts, the consensus EPS forecast for the quarter is $0.28. The reported EPS for the same quarter last year was $0.3.



Averill is expected to stay in Seattle, according to GeekWire.