By Svea Herbst-Bayliss NEW YORK, May 27 (Reuters) – Lululemon Athletica has settled its proxy fight with Chip Wilson, giving the athletic apparel maker’s founder board seats in exchange for a pledge that he will give the company peace as a new chief executive takes over the helm. The agreement confirms the story Reuters first […]
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Lululemon ends proxy battle with founder Chip Wilson
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By Svea Herbst-Bayliss
NEW YORK, May 27 (Reuters) – Lululemon Athletica has settled its proxy fight with Chip Wilson, giving the athletic apparel maker’s founder board seats in exchange for a pledge that he will give the company peace as a new chief executive takes over the helm.
The agreement confirms the story Reuters first reported on Tuesday.
(Reporting by Svea Herbst-Bayliss; Editing by Pooja Desai)