Lululemon Founder Chip Wilson Wins Two Board Seats To End Bitter Proxy Battle
Lululemon has reached a cooperation agreement with founder Chip Wilson, adding two of his candidates to the board while he agrees to pause public criticism for 18 months. Laura Gentile and Marc Maurer will join the board after the upcoming shareholders meeting, bringing valuable experience. The agreement comes after a contentious proxy battle, with both sides aiming to improve company performance.
- ▪Lululemon has added two board members chosen by founder Chip Wilson as part of a cooperation agreement.
- ▪Laura Gentile and Marc Maurer will join the board, bringing significant marketing and international experience.
- ▪Wilson has agreed to pause public criticism of Lululemon for 18 months as part of the deal.
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BreakingBusinessRetailLululemon Founder Chip Wilson Wins Two Board Seats To End Bitter Proxy BattleByPamela N. Danziger,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Pam Danziger reports on retail, focused on the luxury consumer market.Follow AuthorMay 27, 2026, 02:17pm EDTToplineLululemon has reached a cooperation agreement with company founder Chip Wilson, adding two of his handpicked candidates to the company’s board, while Wilson agrees to pause his public criticism of the company for 18 months. Chip Wilson, founder of Lululemon Athletica Inc., speaks during a news conference in Vancouver, British Columbia, Canada, on Thursday, Sept. 15, 2022.
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