Lululemon founder Wilson backs director exit, presses for board overhaul [BNN Bloomberg (Canada)]
lululemon athletica inc. (LULU)
Last lululemon athletica inc. earnings: 3/26 04:05 pm
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Source: BNN Bloomberg
The athleisure wear maker, which is still awaiting a permanent CEO, on Tuesday appointed Levi's veteran Chip Bergh to its board and said he would stand for election at Lululemon's shareholder meeting in lieu of Mussafer, who is not standing for re-election at the conclusion of his current three-year term. “I want to be clear that while yesterday's announcement is a step in the right direction, glaring governance deficiencies remain,” Wilson said in a statement, adding that Bergh's appointment was “underwhelming,” as the board has said previously that other highly qualified candidates declined to join amid the proxy fight. Wilson is one of the biggest independent shareholders of Lululemon with a 4.27 per cent stake and had last year nominated three independent directors — Marc Maurer, Laura Gentile and Eric Hirshberg — to the board and has pushed for several changes at the struggling apparel company. “Significant change is still needed at the board level before a new CEO can be
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LULU
Earnings
- 3/17/26 - Beat
LULU
Sec Filings
- 3/20/26 - Form DFAN14A
- 3/19/26 - Form SCHEDULE
- 3/19/26 - Form DFAN14A
- LULU's page on the SEC website