Lululemon stock price slides before the bell as founder Chip Wilson files fresh proxy push

NodeGuardian · 2026-03-29T12:11:20+00:00

Lululemon shares fell after founder Chip Wilson proposed a board overhaul, raising concerns about leadership amid a CEO search following Calvin McDonald's exit. This dispute may raise costs and affect the company's direction, prompting stock sell-offs.

NodeGuardian

2026-03-29 12:11:20

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Lululemon shares slid in premarket trading after founder Chip Wilson filed a fresh proxy push to overhaul the company’s board, reigniting uncertainty about leadership and corporate direction. This move follows a period of declining stock performance for Lululemon and comes as the company searches for a permanent CEO after Calvin McDonald’s departure. The ongoing dispute between Wilson and the board is expected to increase costs and could impact the CEO search, leading traders to sell off the stock amidst the renewed doubts.

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