Lululemon Founder Targets Board Change Ahead Of CEO Search: Report
Synopsis
Proposal seeks to make boardroom revisions before athletic-apparel company chooses a new CEO, report said.
Lululemon founder Chip Wilson is reportedly launching a proxy fight in an effort to remake the company’s board while the athletic-apparel retailer searches for a new chief executive.
According to a report from The Wall Street Journal, Wilson has nominated three candidates to the company's board. Wilson isn't trying to put himself back on the board, which might come as a surprise to some given his recent efforts to publicly target the company he started, the report said citing people familiar with the matter.
Shares in Lululemon have fallen nearly 44% so far in 2025.
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