Business
Chip Wilson pushing for leadership change on Lululemon board
3 minute read Updated: 3:19 PM CSTVANCOUVER - Chip Wilson has launched a proxy fight at Lululemon Athletica Inc. as he seeks changes in leadership and strategy at the company he founded.
Wilson said in a statement Monday that he has nominated three director candidates for Lululemon's board who will help redefine the company and begin its next chapter.
"Lululemon needs visionary creative leadership to thrive. The simple truth is that the current board lacks these skills."
His nominations come after the company announced on Dec. 11 that current CEO Calvin McDonald would step down from his role effective Jan. 31, with the search for a new leader underway.
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