Lululemon Founder Initiates Proxy Fight for Board Reshuffle
TL;DR
Lululemon founder Chip Wilson has initiated a proxy fight by nominating three independent directors to the company's board, criticizing recent leadership changes and seeking to influence the appointment of a new CEO amid declining shares and increased competition, with support from activist investor Elliott Management.
- Lululemon founder Chip Wilson launches proxy fight for board shakeup CNBC
- The barbarians are at Lululemon’s gate CNN
- Lululemon Founder Nominates Three New Board Candidates Bloomberg.com
- Lululemon founder launches a proxy fight to reshape apparel maker's board CBC
- Lululemon Founder Chip Wilson Launches Proxy Battle Barron's
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