Michael Fisher is an active trader and market analyst. He holds a Bachelors degree in Economics from University of Pennsylvania and started his career as a private Forex trader back in 2005.
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Key Moments
Lululemon Athletica founder Chip Wilson has initiated a proxy campaign targeting changes to the company’s board.
The effort follows the recent exit of CEO and board member Calvin McDonald from the apparel maker.
The Wall Street Journal reported the move, citing unnamed individuals said to be familiar with the situation.
Founder Steps Up Pressure on Lululemon Governance
Dec 29 (Reuters) – Lululemon Athletica’s founder Chip Wilson has launched a proxy fight for changes at the apparel maker’s board, days after the departure of CEO and board member Calvin McDonald, the Wall Street Journal reported, citing people familiar with the matter.
Context for Investors
The reported proxy contest positions Wilson in direct challenge to the current board structure at Lululemon Athletica, coming shortly after a significant leadership change with Calvin McDonald’s exit from both the chief executive role and the board.
Key Parties and Report Source
Company
Individual
Role/Action
Source
Lululemon Athletica
Chip Wilson
Launched proxy fight for board changes
Wall Street Journal (via Reuters)
Lululemon Athletica
Calvin McDonald
Departed as CEO and board member
Wall Street Journal (via Reuters)
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