Lululemon ends proxy battle with founder Chip Wilson
27/05/2026 12:32
Lululemon ends proxy battle with founder Chip Wilson By Svea Herbst-Bayliss
NEW YORK, May 27 (Reuters) - Lululemon Athletica LULU.O has settled its proxy fight with Chip Wilson, giving the athletic apparel maker's founder board seats in exchange for a pledge that he will give the company peace as a new chief executive takes over the helm.
The agreement confirms the story Reuters first reported on Tuesday.
(Reporting by Svea Herbst-Bayliss; Editing by Pooja Desai)
((svea.herbst@thomsonreuters.com; +617 233 2138; Reuters Messaging: svea.herbst.thomsonreuters.com@reuters.net/))
Recent news on lululemon athletica
See all newsBrief: Lululemon Announces Appointment Of Tara Poseley To Board Of Directors
Press Digest: Canada - October 8
Lululemon puts Nike veteran in charge of product as CEO O'Neill looks to right ship
Brief: Lululemon Announces New Leadership Team Structure To Drive Next Chapter Of Growth
Texas AG Paxton probes Fruit of the Loom, Hanes over potential toxic chemicals in children's underwear