09:12 AM EDT, 03/12/2026 (MT Newswires) -- Lululemon Athletica ( LULU ) founder and shareholder Chip Wilson said Thursday that "meaningful change" in the board is needed before a new chief executive officer is selected.

In a letter to prospective CEO candidates, Wilson said the lack of a succession plan, as shown by three CEO departures without a successor, could mean that the board is "not equipped to support visionary leadership."

Wilson said he nominated Marc Maurer, Laura Gentile, and Eric Hirshberg for election as independent directors to bring their brand, product, and marketing skills to the board.

Lululemon did not immediately reply to a request for comment from MT Newswires.