Wella Taps Former Lululemon Chief Calvin McDonald as CEO, Effective April 2

Overview

• McDonald will join The Wella Company’s board and base his role in New York.
• Executive chair Glenn Murphy will remain in his role and lauded McDonald’s track record leading global consumer brands.
• Reuters has reported that KKR is preparing a U.S. IPO for Wella as soon as this year, a plan the firm has not confirmed and that could value the company above the $4.3 billion it paid.
• McDonald left Lululemon in January after seven years as CEO and previously led Sephora North America, Sears Canada and held senior roles at Loblaw.
• Wella’s portfolio spans Wella, Briogeo, OPI, Clairol and GHD, and the group generated an estimated $2.26 billion in 2024 sales, up 3.3 percent, after KKR bought Coty’s remaining stake in December 2025.