Lululemon founder Chip Wilson nominated three independent directors to the board following the exit of CEO Calvin McDonald. The company responded stating they have engaged extensively with Wilson and are focused on long-term growth. Wilson declined to engage further with the board, prompting them to evaluate his nominees in due course. Lululemon highlights their significant growth over the past decade and the ongoing CEO search. The board emphasizes that Wilson has not been involved with the company for over a decade. Shareholders are advised to wait for the board’s recommendation before taking any action.

Read more at Yahoo Finance: Lululemon founder takes swipe at board with three new nominees