Lululemon Settles Dispute With Founder Chip Wilson by Adding New Board Members

[출처/시간] MT Newswires - 8:21 AM ET, 05/27/2026

08:21 AM EDT, 05/27/2026 (MT Newswires) -- Lululemon athletica (LULU) said Wednesday that it has settled its dispute with company founder Chip Wilson.

Wilson, who owns an 8.7% stake in the company, sent a letter in April to shareholders questioning the appointment of Heidi O'Neill as chief executive.

He also urged shareholders to vote for his three board nominees at the company's 2026 annual meeting, which he said in the letter will "help restore lululemon's once bold vision and product-centered brand."

Under the settlement, the company agreed to appoint Marc Maurer, former co-chief executive officer of lululemon competitor On, and former ESPN Chief Marketing Officer Laura Gentile to its board, the company said. The settlement also calls for the company to add another director who has product and brand expertise in apparel by Oct. 1, the company said.

In return, Wilson has agreed to customary standstill, non-disparagement, voting, and related provisions for approximately 18 months, which would end 30 days before the nomination deadline for the 2028 annual meeting, the company said.

In lieu of financial reimbursement, lululemon and Wilson also agreed to make a donation to support athletics, art, and landscaping at Kitsilano Beach in Vancouver, the company said.

Shares of lululemon were up over 3% pre-bell.