Lululemon Founder Pushes Board Shakeup Amid CEO Search: 'This Is The Only Way...' - Lululemon Athletica (NASDAQ:LULU)
Lululemon Athletica Inc.‘s (NASDAQ:LULU) founder and one of its largest independent shareholders, Chip Wilson, nominated three new directors to the board of the athleisure maker, including former executives from ESPN and Activision, to address what he calls a lack of “visionary creative leadership.”Wilson’s move on Monday follows the announcement of CEO Calvin McDonald‘s departure after a challenging seven-year tenure. The company did not name a successor.Wilson criticized the board’s oversight, stating, “S ...