Chip Wilson, the guy who started Lululemon, is making waves again. He's trying to shake up the company's board by nominating three new directors. This comes just after the company's CEO stepped down, leaving no clear plan for who's next in line.

Lululemon's been having a tough time lately. Its stock has dropped a lot this year, and it's struggling to keep up with younger, trendier brands. Plus, there's pressure from big investors like Elliott Management, which has a huge stake in the company.

Wilson's nominees include some big names: a former co-CEO of On Running, a marketing chief from ESPN, and a former CEO of Activision. Meanwhile, Lululemon has put two of its top execs in charge temporarily while they look for a new CEO.

Wilson says the board has messed up three times now by not having a clear plan for leadership. He thinks the board needs more people who really understand the product side of things.

Lululemon hasn't said much about Wilson's move yet. But some analysts think adding new board members might be a good idea. They say it could help keep Wilson from constantly criticizing the board.

This isn't the first time Wilson has butted heads with Lululemon's board. He stepped back from the company years ago after a big recall of see-through yoga pants. He's also sold off a lot of his stake in the company.


# **Chip Wilson Shakes Up Lululemon with New Board Nominees**

**Chip Wilson**, the founder of **Lululemon**, is making waves again. He's nominated **three new directors** to the company's board, just after the CEO stepped down without a clear successor.

## **Lululemon's Struggles**
- **Stock drop** this year
- **Struggling** with younger, trendier brands
- **Pressure** from big investors like **Elliott Management**

## **Wilson's Nominees**
- **Former co-CEO of On Running**
- **Marketing chief from ESPN**
- **Former CEO of Activision**

## **Lululemon's Response**
- **Two top execs** temporarily in charge
- **Searching for a new CEO**

## **Wilson's Criticism**
- **Board has "messed up three times"** by not having a clear leadership plan
- **Needs more product-focused members**

## **Analysts' Views**
- **Adding new board members** could be a good idea
- **Might reduce Wilson's constant criticism**

## **History of Conflict**
- **Stepped back** after a **see-through yoga pants recall**
- **Sold off much of his stake**



Lululemon's Founder Shakes Things Up

Lululemon's Struggles

Wilson's Nominees

Lululemon's Response

Wilson's Criticism

Analysts' Views

History of Conflict

Actions