Lululemon, Chip Wilson appoint new director as part of truce between two sides

Skip to Content News Archives Economy Defence Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Defence Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Defence Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeNewsRetail & MarketingLululemon, Chip Wilson appoint new director as part of truce between two sidesTara Poseley joins board of 13 directors, which includes 12 who are independentAuthor of the article:A woman walks by a Lululemon store in New York City. The company’s shares have lost about half of their value this year. Photo by Angus Mordant /BloombergLululemon Athletica Inc. and its billionaire founder Chip Wilson announced a new board member, part of the two parties’ truce as the yoga-pants maker fights to recapture sales growth.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe company is appointing Tara Poseley, who served as chief executive of Paula’s Choice Skincare from 2016 to 2023, as a director, according to a statement. She also spent 15 years at Gap Inc.This advertisement has not loaded yet, but your article continues below.Lululemon’s board now has 13 directors, including 12 who are independent. The company confirmed the appointment is a part of the cooperation agreement it signed with Wilson last May.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try again“Her appointment is another positive step toward strengthening the company’s product-first vision and creating long-term value for shareholders,” Wilson said in the statement.The appointment had been delayed past an earlier Oct. 1 deadline.Heidi O’Neill, a former Nike executive, recently took over as Lululemon’s CEO as the retailer navigates a slowdown amid intense competition.The company’s shares have lost about half of their value this year.Before O’Neill joined in September, the company had gone months without a permanent CEO and stumbled through a series of self-inflicted wounds, including complaints that some of its leggings were too sheer.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.