Lululemon stock rises as founder Chip Wilson launches board proxy fight — what investors watch next
NEW YORK, December 30, 2025, 01:23 ET — Market closed Lululemon Athletica Inc (LULU) shares closed up 1.7% on Monday at $212.54 after the company said founder Chip Wilson submitted nominations for three director candidates in a move that could trigger a proxy fight. Yahoo Finance+1 The board challenge lands in the middle of a leadership handoff. A regulatory filing showed CEO Calvin McDonald will step down effective Jan. 31, with finance chief Meghan Frank and chief commercial officer André Maestrini set to serve as interim co-CEOs while the company searches for a permanent replacement. SEC Founder pressure is arriving