BLOOMBERG: The controversial Chip Wilson said he accomplished getting the company back on track after returning from a sabbatical in 2013.
BLOOMBERG: The controversial Chip Wilson said he accomplished getting the company back on track after returning from a sabbatical in 2013.
In August, Lululemon settled its dispute with Wilson, who had said he was unhappy with the direction the retailer had taken after he stepped down as chairman. As part of the deal, Wilson agreed not to pursue a buyout of the company for at least a year and to sell half of his stake to private-equity firm Advent International Corp. for about $845 million.
“I have achieved the goals I set when I came back,” he said in Monday’s statement. “After careful thought, I believe that now is the right time to step away from the board.”
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