Lululemon Athletica Inc. is recommending shareholders vote against a pitch from the company’s founder to add three nominees to its board.
In new regulatory filings, the Vancouver-based retailer recommends shareholders vote in favour of three nominees it named but ignore a competing proposal from Chip Wilson, who put forward another trio.
Lululemon wants former Levi’s CEO Chip Bergh, ex-Unilever executive Esi Eggleston Bracey and one-time Gap chief financial officer Teri List added to the board.
Meanwhile, Wilson is pushing for On Holding AG co-CEO Marc Maurer, former ESPN chief marketing officer Laura Gentile and ex-Activision CEO Eric Hirshberg.
Wilson says his nominees will stop a devaluing of Lululemon that he has accused the current board of overseeing for years.
Lululemon and its estranged founder have long been at odds about the direction of the company, but tensions have flared more recently after Wilson urged the brand’s leaders to revamp the firm so it can better compete with rivals and keep its share price from falling.
This report by The Canadian Press was first published April 29, 2026.
