Lululemon Founder Chip Wilson Wins Two Board Seats To End Bitter Proxy Battle

BreakingBusinessRetailLululemon Founder Chip Wilson Wins Two Board Seats To End Bitter Proxy BattleByPamela N. Danziger,Senior Contributor.Forbes contributors publish independent expert analyses and insights. Pam Danziger reports on retail, focused on the luxury consumer market.Follow AuthorMay 27, 2026, 02:17pm EDTToplineLululemon has reached a cooperation agreement with company founder Chip Wilson, adding two of his handpicked candidates to the company’s board, while Wilson agrees to pause his public criticism of the company for 18 months. Chip Wilson, founder of Lululemon Athletica Inc., speaks during a news conference in Vancouver, British Columbia, Canada, on Thursday, Sept. 15, 2022. Wilson is making his biggest philanthropic gift ever —and one of the largest among Canada’s ultra-rich — to protect vast tracts of wilderness in the western part of the country. Photographer: Taehoon Kim/Bloomberg© 2022 Bloomberg Finance LPKey FactsLaura Gentile, former ESPN chief marketing officer and named to Forbes “World’s Most Influential CMOs” list in 2023, as well as one of Forbes’ “Most Powerful Women In U.S. Sports,” will join the Lululemon board after the company’s June 25 shareholders meeting.Marc Maurer, former co-CEO of Switzerland-based athleticwear brand On, will take his board seat on the same day, bringing international experience in the premium performance category as Lululemon continues its global expansion. The Board has agreed to appoint an additional member with product and brand expertise in apparel by October 1.Wilson has pledged to a customary standstill, pausing public criticism of the company until 30 days before the nomination deadline for the 2028 annual meeting.While Wilson sought reimbursement for expenses incurred during his proxy fight, he ultimately agreed to have Lululemon make a donation to support athletics, art, and landscaping at Kitsilano Beach in Vancouver, where the company was founded. if (!window.cnxel) { window.cnxel = {}; window.cnxel....