Calvin McDonald is returning to the beauty industry for his next job, CEO of the Wella Company, effective April 2, 2026. Most recently, McDonald served as CEO of Lululemon, but his earlier experience includes five years as President and CEO of Sephora Americas, where he oversaw five consecutive years of double-digit growth and grew haircare into the retailer’s fastest-growing category.
“We are delighted to welcome Calvin to The Wella Company,” said Glenn Murphy, Executive Chair of the Wella board of directors in a statement. “As a three-time CEO, he brings decades of experience at industry-leading global consumer brands and retail businesses. Calvin’s proven ability to drive results through product differentiation, category expansion and smart investments will help us win in the dynamic beauty sector.”
Wella, owned by private equity firm KKR, offers brands to both consumers and haircare professionals, including Wella Professional, Sebastian Professional, OPI, ghd, Nioxin and Clairol.
“We are pleased with the growth that Wella has achieved since our initial investment and are confident that Calvin is the right leader to build on that foundation and propel the company into its next chapter,” said Nancy Ford, Partner at KKR in a statement.
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McDonald had overseen significant growth at Lululemon after he took the CEO job in 2018. In December 2025 Lululemon announced McDonald’s forthcoming departure on Jan. 31, 2026.
“I’m thrilled to return to the beauty industry — an innovative, fast evolving sector powered by consumers who are genuinely passionate about the products they love,” said McDonald in a statement.
