Trending Now - Lululemon Critiques Founder’s Views as Outdated and Misguided

WHO:

KSL.com - Chip Wilson, founder of Lululemon and second-largest shareholder.

KSL.com - Calvin McDonald, former CEO of Lululemon.

KSL.com - Heidi O'Neill, former Nike executive and new CEO of Lululemon.

WHAT:

KSL.com - Lululemon publicly rejected Chip Wilson's ideas to fix the brand, calling them "misguided."

KSL.com - Lululemon's letter urged shareholders to reject Wilson's nominations for the board.

KSL.com - Lululemon's stock has lost 40% of its value this year.

KSL.com - Lululemon announced that its CEO, Calvin McDonald, was leaving the company after a seven-year stint.

KSL.com - Lululemon named Heidi O'Neill as its new CEO, starting in September.

WHERE:

KSL.com - New York City, where Lululemon's public letter was issued.

WHEN:

KSL.com - Lululemon's next shareholders meeting is scheduled for June.

KSL.com - Chip Wilson launched his latest campaign against Lululemon's management in December of the previous year.

WHY:

KSL.com - Lululemon accused Chip Wilson of attempting to "regain increased influence" over the brand he left more than a decade ago.

KSL.com - Wilson criticized Lululemon's diversity and inclusion efforts and claimed the company lost its "cool" factor.

HOW:

KSL.com - Wilson nominated three new directors for Lululemon's board, including executives from ESPN and Activision Blizzard, to "redefine Lululemon."

KSL.com - Lululemon stated that it interviewed Wilson's picks and determined their appointment would not be beneficial to shareholders.

(UPDATED May 19, 2026 19:38 UTC)

Lululemon has publicly rejected ideas from its founder, Chip Wilson, calling them "misguided," and urged shareholders to reject his nominations for the board as the company faces a significant 40% drop in stock value this year. The brand also announced the departure of CEO Calvin McDonald after seven years, with Heidi O'Neill, a former Nike executive, set to take over in September. Lululemon's next shareholders meeting is scheduled for June, where these developments will likely be a key focus.