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Board Of Directors

All articles tagged with #board of directors

lululemon Refreshes Board with Chip Wilson Pact; Gentile and Maurer to Join
business2 days ago

lululemon Refreshes Board with Chip Wilson Pact; Gentile and Maurer to Join

lululemon announced a cooperation agreement with founder Chip Wilson (about 8.7% stake) to refresh its board, adding Laura Gentile (ex-ESPN CMO) and Marc Maurer (ex-On Co-CEO) after the 2026 annual meeting, with a further product/brand expert director to join by October 1, 2026. The deal includes standstill and voting provisions for ~18 months, and lululemon will donate to Kitsilano Beach instead of expense reimbursement. The changes accompany leadership transition toward incoming CEO Heidi O’Neill as the company aims to strengthen brand health, reaccelerate growth, and boost shareholder value.

via Lululemon|
#board-of-directors#business#chip-wilson
Reed Hastings Exits Netflix Board to Focus on Philanthropy
business1 month ago

Reed Hastings Exits Netflix Board to Focus on Philanthropy

Netflix founder Reed Hastings is stepping down from the company's board and will not seek reelection at the June annual meeting to devote more time to his philanthropic efforts. He had reduced his day-to-day responsibilities in 2023 to executive chairman, while Ted Sarandos and Greg Peters lead Netflix as it grows with new revenue streams like advertising and merchandise. Hastings is also pursuing other ventures, including a stake in Utah's Powder Mountain ski resort.

via The Hollywood Reporter|
#board-of-directors#business#leadership-transition
Chip Bergh Joins lululemon Board, Signals Strategic Refresh
business2 months ago

Chip Bergh Joins lululemon Board, Signals Strategic Refresh

Lululemon announced the appointment of Chip Bergh, former Levi Strauss & Co. CEO, to its Board of Directors as part of ongoing board refreshment. Bergh will stand for election at the 2026 annual meeting, replacing David Mussafer who will not seek re‑election. The company touts Bergh’s brand and retail leadership, notes that five independent directors have joined the board in the last five years, and emphasizes continued CEO succession planning and long‑term growth strategy. Bergh’s background includes 28 years at Procter & Gamble and board roles at HP Inc., e.l.f. Beauty, and Pinterest.

via Lululemon|
#board-of-directors#business#chip-bergh
Lululemon Faces Boardroom Tug-of-War as Founder Challenges Directors
business2 months ago

Lululemon Faces Boardroom Tug-of-War as Founder Challenges Directors

Lululemon is in a corporate power struggle as founder Chip Wilson battles the board while interim co-CEOs Meghan Frank and Andre Maestrini push a turnaround to revive a waning yoga-pants empire, pursuing faster product cycles, store upgrades, and diversification beyond yoga amid competition from Alo Yoga and Vuori, with Elliott Investment Management pressing for a new CEO and potential board changes.

via The New York Times|
#activist-investor#board-of-directors#business
business10 months ago

Comcast's Versant Spinoff Announces New Board of Directors

Comcast announced the formation of a new independent media company, Versant Media Group, which will include NBCUniversal's cable networks and digital assets, with a planned spin-off by the end of 2025. The company will have a new board of directors featuring notable executives and industry leaders, and Comcast's CEO Brian Roberts will retain a significant voting interest but will not serve on the board.

via Variety|
#board-of-directors#business#comcast