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flag Lululemon founder Chip Wilson demands board overhaul, citing poor performance and leadership failures.

flag Lululemon founder Chip Wilson is pushing for major board changes, proposing to replace over three directors and declassify the board to require annual elections. flag He cited a lack of creative expertise, a 50% stock decline, and failed leadership transitions as reasons for his campaign. flag Wilson nominated three independent directors and called for a new brand and product oversight committee, criticizing the board’s delayed and vague response. flag The company has not commented on the latest developments.

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