Lululemon stock slips today as founder Chip Wilson launches proxy fight over board shake-up
Lululemon shares slipped 0.6% to $211.30 after founder Chip Wilson launched a proxy fight for board seats. The board said it will review Wilson’s nominees and issue a recommendation before the 2026 annual meeting. The move follows CEO Calvin McDonald’s decision to step down Jan. 31, with two executives named interim co-CEOs. Wilson holds a 4.27% stake and is acting alone, according to Reuters.