[Update as of Dec. 29, 2025] Chip Wilson, Founder of Lululemon Athletica and one of the company’s largest shareholders, has nominated three candidates for the Lululemon Board of Directors, following the news earlier this month that current CEO Calvin McDonald will step down on Jan. 31, 2026 and that a search for his successor was underway. Wilson — who has long been critical of McDonald’s leadership — asserts that the election of a new CEO shouldn’t take place until the Board itself has undergone “significant change to be sure shareholders can trust the right decision is made.”“It is clear to the world that Lululemon is special, but in need of change,” said Wilson in a statement. “As I have stated for years, Lululemon needs visionary creative leadership to thrive. The simple truth is that the current board lacks these skills and, as a result, Lululemon is unable to win back the confidence of its critical stakeholders and regain commercial momentum. The nominees I put forward today are the change that is needed to redefine Lululemon and begin this company’s next chapter of success.” Wilson’s three nominees include: Marc Maurer, former Co-CEO of On Holding; Laura Gentile, former Chief Marketing Officer of ESPN; and Eric Hirshberg, former CEO of Activision. If accepted, Wilson’s candidates will be voted on at Lululemon’s 2026 annual meeting of shareholders, which is expected to take place in June 2026. At the same time, Wilson also has submitted a non-binding proposal that calls for the Board to immediately…
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