Chip Wilson nominated three candidates on Monday after saying Lululemon is “in need of change.”
A MILE. A MINUTE.
Chip Wilson nominated three candidates on Monday after saying Lululemon is “in need of change.”
The activist investor is reportedly lobbying for a new leader at the company after CEO Calvin McDonald will step down on January 31.
Lululemon Athletica CEO Calvin McDonald will step down from the company after year where the brand has struggled to against younger rivals like Vuori and Alo and the stock price has dipped nearly 50 percent over the year. In a call with analysts on Thursday, McDonald admitted a change was needed. “The timing is right …