Lululemon Founder Mounts Board Challenge With Former On CEO

December 29, 2025

The polarizing founder of Lululemon says the company is in dire need of a board shakeup and has nominated three new director candidates: the recently departed co-CEO of sneaker brand On, a longtime ESPN marketing executive, and Activision’s former CEO.

Chip Wilson, 70, founded Lululemon Athletica in 1998. Even after he resigned from the Canadian company’s board of directors in 2015, Wilson has held onto a roughly 9% stake in Lululemon, making him its second-biggest shareholder behind investment manager Vanguard Group, according to The Wall Street Journal, which first reported Wilson’s intention to nominate the new board members. FRONT OFFICE SPORTS