Lululemon to appoint two board members proposed by founder Chip Wilson
Lululemon Athletica Inc. has reached an agreement with founder Chip Wilson to appoint two of his nominees to its board. The new directors are Laura Gentile and Marc Maurer, who are expected to help restore the company's product-first vision. This agreement also includes a donation to support local initiatives in Vancouver, marking the end of Wilson's push for board changes.
- ▪Lululemon has agreed to appoint two board members proposed by founder Chip Wilson.
- ▪The new board members are Laura Gentile and Marc Maurer.
- ▪The agreement includes a donation to support local initiatives at Kitsilano Beach.
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Open this photo in gallery:Lululemon founder Chip Wilson, pictured in Vancouver in 2022, has pushed for board changes at the retailer since last year.DARRYL DYCK/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountLululemon Athletica Inc. LULU-Q has reached an agreement with its estranged founder who has been pushing for a board shakeup since last year. The Vancouver-based retailer says its deal with Chip Wilson will see two of his three nominees join Lululemon’s board.
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