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Lululemon’s Boardroom Fight With Founder Chip Wilson Gets Public—and Personal

The athleisure company’s founder and largest shareholder is trying to force a board reset, but Lululemon says his choices would drag the brand backward.

Canadian athleisure giant Lululemon is locked in a public battle with its founder, Chip Wilson, over who should fill seats On its board. The company is currently led by two interim co-CEOs until Heidi O’Neill, a former Nike executive, takes over in September. Wilson, who founded Lululemon in 1998 and stepped down in 2015 after years of controversy, remains its largest shareholder and retains significant voting power at the nearly $14 billion company. He is now pushing to elect board candidates from companies including ESPN, Activision and sneaker brand On, while Lululemon’s current leadership is backing nominees from Levi Strauss, Unilever and Gap.

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