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Lululemon founder Chip Wilson launches proxy fight to remake board of directors
Youtube· 2025-12-29 23:59
On the street, Lululemon founder Chip Wilson is launching a proxy fight at the athleisure company in an effort to shake up the board, nominating three director candidates, including the former co-ceeo of On Running, a former ESPN chief marketing officer, and former Activision CEO Eric Hersburg. Wilson is not trying to put himself back on the board, although he does remain Lulu's second biggest shareholder, nearly 9% stake, 10 million shares, and has long complained about the performance of Lululemon. This y ...