Lululemon up as founder Chip Wilson launches proxy fight to change board
ReutersDec 29, 2025 3:31 PM
Shares of athletic wear maker Lululemon Athletica LULU.O rise 1.2% to $211.51
LULU founder Chip Wilson launches a proxy fight by nominating three independent directors to co's board
Wilson has nominated former On Running ONON.N co-CEO Marc Maurer, former ESPN Chief Marketing Officer Laura Gentile and former Activision CEO Eric Hirshberg
Wilson holds 4.27% stake as of December 2025, one of the biggest independent shareholders of the company - data compiled by LSEG
The moves comes after co announced CEO Calvin McDonald will step down in January, named its finance chief Meghan Frank and chief commercial officer André Maestrini as co-interim CEOs
As of last close, stock down 45% YTD
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