Founder Chip Wilson asks shareholders to back three independent board nominees at Lululemon’s 2026 annual meeting.
Wilson claims board’s actions caused $17 billion value erosion and a 65.9% shareholder loss over less than two years.
He criticizes recent CEO hire Heidi O’Neill and Disney partnership, saying they damage premium brand positioning.
Wilson’s nominees include former On co‑CEO Marc Maurer, ex‑ESPN CMO Laura Gentile, and ex‑Activision CEO Eric Hirshberg.