Lululemon Athletica founder Chip Wilson raises doubts on new CEO pick amid proxy battle
By Juveria Tabassum
Published on April 29, 2026.
Lululemon founder, Chip Wilson, has raised doubts about the new CEO appointment of new CEO, stating that any CEO appointed without a board overhaul would not have his support. Wilson, who owns 8.6% of the company but has not held a position since leaving the board in 2015, also criticizes the board for failing to settle his proxy fight. He claims that the board has asked him to put millions of dollars into an escrow account to cover a potential future breach of the non-disparagement clause. Some investors have praised new CEO O'Neill's background and are willing to give the company time to fix its problems.
Related Articles
Apple reports record $111.2B revenue as iPhone 17 demand surges and Cook prepares to hand CEO role to Ternus
Apple reported a record $111.2 billion in revenue due to strong iPhone 17 demand and China growth, emphasizing its contrarian AI strategy without worrying margins.
Octopus commits $500M to Living Carbon reforestation as Google, Meta, and McKinsey buy carbon credits from Appalachian mine sites
Octopus Energy Generation commits $500 million to Living Carbon’s Appalachian reforestation projects, purchasing 131,240 tonnes of carbon credits from degraded land to remove 50 million tonnes over 40 years.
Internet Explorer creator Thomas Reardon raises $500M for Flourish, a brain-inspired AI efficiency startup valued at $2.5B
Thomas Reardon is raising $500 million for Flourish, a brain-inspired AI startup focusing on architecture and design, to address energy consumption and innovation.