LULU’s founder, Chip Wilson, has launched a proxy contest seeking to gain influence on the company’s board as it searches for a new CEO, nominating former On Running co-CEO Marc Maurer, former ESPN chief marketing officer Laura Gentile, and former Activision CEO Eric Hirshberg as director candidates. Wilson currently holds a 4.27% stake, making him one of the company’s largest independent shareholders. Along with the director nominees, Wilson also submitted a non-binding proposal calling for all directors to stand for an annual shareholder vote, noting that LULU is among the 10% ... Log in to view full article.