Lululemon founder Chip Wilson launches proxy fight to reshape board amid CEO transition
NEW YORK, December 30, 2025, 04:31 ET Lululemon Athletica founder Chip Wilson has launched a proxy fight to change the company’s board, nominating three independent directors ahead of the retailer’s 2026 annual shareholder meeting. (https://www.reuters.com/sustainability/sustainable-finance-reporting/lululemon-founder-launches-proxy-fight-board-changes-wsj-reports-2025-12-29/) The timing raises the stakes for Lululemon’s leadership transition, with the board searching for a permanent chief executive after announcing the planned exit of CEO Calvin McDonald in January. It also lands as investors weigh whether Lululemon can regain momentum with younger, higher-spending shoppers after a sharp stock slide and growing competition in premium athletic wear. Wilson nominated former On Running co-CEO Marc Maurer, former