Lululemon Athletica Inc. is urging shareholders to reject three board nominees proposed by founder Chip Wilson. Wilson issued a formal letter to shareholders on April 29, 2026. He expressed dissatisfaction with the current board and alleged a devaluation of the Lululemon brand.
Wilson remains a major shareholder and is pushing for the election of Marc Maurer, Laura Gentile, and Eric Hirshberg. These candidates intend to restore the company’s original vision and product-centered branding.
Lululemon’s board recommends that shareholders vote for its own slate of nominees. This group includes former executives from Levi's, Unilever, and Gap. The dispute highlights a persistent strategic rift between the founder and the company leadership.