Lululemon Founder Nominates Board Members, Escalating Feud (1)

Lululemon Athletica Inc. founder Chip Wilson is pushing for changes to the board before the yogawear maker selects a new chief executive officer, highlighting the contentious relationship between the company and one of its biggest shareholders.

Wilson is nominating three director candidates for election at Lululemon’s 2026 annual meeting: former On Holding co-CEO Marc Maurer, former ESPN Chief Marketing Officer Laura Gentile and former Activision CEO Eric Hirshberg. The company hasn’t set a date for its shareholder meeting, but usually holds the event in June.

In a statement Monday, Lululemon said it’s evaluating the nominees, while defending its ...