Lululemon Athletica down after chief product officer resigns

** Athletic apparel retailer Lululemon Athletica's shares LULU slip 2.5% at $315 in extended trading

** Company announces departure of Chief Product Officer Sun Choe, who will resign later this month to pursue another opportunity

** LULU says does not intend to replace the role of chief product officer

** Adds it will create a new team comprised of leaders from its merchandising and brand functions to scale its global and regional go-to-market strategies

** Appoints Chief Brand Officer Nikki Neuburger as chief brand & product activation officer, overseeing merchandising, footwear and product operations, in addition to her existing role

** Co reports Q1 results on June 5

** Stock down 37% YTD