NasdaqGS:LULULuxury
Wilson Proxy Fight Tests Lululemon Governance As CEO Search Begins
Founder Chip Wilson has launched a proxy contest to overhaul lululemon athletica’s board.
The move comes as the company begins a search for a new CEO.
Wilson has publicly criticized the current leadership’s direction and is pushing for a reset in governance and strategy.
For investors watching NasdaqGS:LULU, this proxy contest lands at a sensitive time. The share price stands at $153.67, with a 1 year return of a 37.9% decline and a 3 year return of a 58.0% decline. Over 5 years, the stock...