Wilson Returns to Lululemon Board

Lululemon and founder Chip Wilson have reached a surprising truce: two of his chosen board members are now officially appointed, bringing in big-name execs to steer the company back to its product-driven roots. Wilson, who stepped down from the board in 2015 but never left the scene, is thrilled with the move — calling it a step toward boosting value for shareholders. Instead of cashing in on his legal expenses, Lululemon’s making a donation to Kitsilano Beach in Vancouver — where it all began — supporting athletics, art, and landscaping. The public feud is officially over, but Wilson’s fingerprints are still all over the company’s future. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/663cb174151804a1