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Lululemon Rejects Chip Wilson's Three Board Nominees

5/18/2026

Summary

Story summary

Lululemon rejected three board nominations from founder Chip Wilson, its second-largest shareholder.
Wilson's slate featured directors from ESPN and Activision Blizzard to “redefine Lululemon.”
Lululemon said the nominees lack critical skills and that voting for them would endorse Wilson's perspective.
The rejection comes before a June shareholders meeting and follows plans for CEO Calvin McDonald to exit and former Nike executive Heidi O’Neill to start in September.

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Story summary

Lululemon rejected three board nominations from founder Chip Wilson, its second-largest shareholder.
Wilson's slate featured directors from ESPN and Activision Blizzard to “redefine Lululemon.”
Lululemon said the nominees lack critical skills and that voting for them would endorse Wilson's perspective.
The rejection comes before a June shareholders meeting and follows plans for CEO Calvin McDonald to exit and former Nike executive Heidi O’Neill to start in September.