Kmart exec signs on as Lululemon's product chief

Kmart's former president of apparel Tara Poseley will take over as chief product officer at Canadian yoga wear retailer Lululemon Athletica on Dec. 31, the company said. Poseley will succeed Sheree Waterson, who left the company earlier this year. The company is still searching for a new CEO to replace Christine Day, who plans to depart after her replacement is found.

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