New York\u00a0\u2014\u00a0\n <\/p>\n
\n Lululemon has publicly rejected founder Chip Wilson\u2019s ideas<\/a> to fix the struggling athleisure brand, which includes an overhaul of its board, with some strongly worded criticisms of its former leader.\n <\/p>\n \n Wilson, who is also the company\u2019s second largest shareholder, launched his latest salvo last December in his campaign against the company\u2019s management. He nominated three new directors for Lululemon\u2019s board, including executives from ESPN and Activision Blizzard, saying they were needed to \u201credefine Lululemon.\u201d\n <\/p>\n \n In a letter to shareholders<\/a>, Lululemon on Monday rejected Wilson\u2019s nominations for the company\u2019s board, saying that voting for them would \u201cendorse his misguided perspectives\u201d and accusing him of attempting to \u201cregain increased influence\u201d over the brand he left more than a decade ago.\n <\/p>\n \n \u201cMr. Wilson has shown that he does not have a full understanding of the business today or the brand\u2019s future potential and remains intractably focused on the past,\u201d Lululemon said. \u201cHis vision for Lululemon appears to be frozen in time, viewing Lululemon through the lens of a founder who has been outside the boardroom for over a decade and away from any operating responsibility within the company for nearly 15 years.\u201d\n <\/p>\n