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Market Chatter: Lululemon Founder Reportedly Launches Proxy Fight to Remake Board
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Market Chatter: Lululemon Founder Reportedly Launches Proxy Fight to Remake Board
Mar 10, 2026 11:24 PM

07:44 AM EST, 12/29/2025 (MT Newswires) -- Lululemon Athletica ( LULU ) Founder Chip Wilson is initiating a proxy fight to try to overhaul the retailer's board, The Wall Street Journal reported Monday, citing unnamed people familiar with the matter.

Wilson, the athletic-apparel retailer's second largest shareholder, has nominated three candidates for the board -- former On Running co-CEO Marc Mauer, former ESPN Chief Marketing Officer Laura Gentile and former Activision CEO Eric Hirshberg, the people reportedly told The Wall Street Journal.

Lululemon didn't immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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