Lululemon founder Chip Wilson resigns as chairman 0
Lululemon founder Chip Wilson (left) and Whil co-founder Shannon Wilson seen here on the Bloomberg Television "Street Smart" with Trish Regan. (SCREEN GRAB BLOOMBERG.COM)
It looks like Chip Wilson will have more time to stretch out and catch up on his yoga. The Lululemon founder and chairman has resigned just over a month after controversial comments about the negative effects of women’s bodies on his company’s pants.
“The thing is that women will wear seatbelts that don’t work or they’ll wear a purse that doesn’t work,” Wilson said in an interview on Bloomberg TV in early November. “Quite frankly, some women’s bodies just actually don’t work for it.”
Wilson was pillored in the media and on social media for the comments.
The company has not said whether his resignation is related to those comments.
Lululemon’s stock has dropped in the past year, partly due to a massive recall of its athletic pants that consumers complained were too sheer.
Michael Casey, of the company’s current board of directors, will become Lululemon’s new chairman. Wilson founded Lululemon Athletica Inc. in 1998 and opened its first store in Kitsilano in 2000.
The company also announced that former president of Toms Shoes, Laurent Potdevin, will replace Lululemon’s current CEO Christine Day in January 2014. She announced her intention to resign from that position in June of this year.