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-0.000809388911371897 -0.00263051396195877 -0.00111290975313638 -0.00141643059490086 -0.00212464589235121 -0.00768919465803324 -0.0044516390125455 -0.00333872925940913
Stock impact report

Lululemon founder Chip Wilson scuffles with board amid CEO search [Yahoo! Finance]

On Holding AG (ONON) 
Company Research Source: Yahoo! Finance
Lululemon founder Chip Wilson is not following up with the brand after announcing that he would nominate three people to its board and advocate for annual board elections, the brand said last week. A week ago, Wilson said he would nominate Marc Maurer, former co-CEO of Swiss sneaker company On Holding; Laura Gentile, former chief marketing officer of ESPN; and Eric Hirshberg, former Activision CEO. But Wilson has been silent since notifying the brand of his intentions, Lululemon said in a statement on the same day “In the interest of avoiding a costly and distracting proxy fight, the Board requested from Mr. Wilson the names of his director nominees to evaluate their qualifications and backgrounds, but Mr. Wilson declined to engage further,” the brand said in a Dec. 29 press release. “Now that the names have been submitted, the Board will evaluate Mr. Wilson's director nominees in due course in accordance with the Board's governance process.” In his release, Wilson said his nom Show less Read more
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