Lululemon Athletica Inc. (LULU) On Edge Amid Next CEO Squabbles
Lululemon Athletica Inc. (LULU) is facing internal disagreements regarding its next CEO. Founder Chip Wilson opposes the appointment of former Nike executive Heidi O’Neill, citing concerns about the board's ability to hire a world-class brand leader, while Elliott Investments recommends former Ralph Lauren executive Jane Nielsen. Baird analysts have maintained a Neutral rating on the stock, noting that the four-month gap before O'Neill takes over may leave strategic and governance questions unanswered.
https://www.insidermonkey.com/blog/lululemon-athletica-inc-lulu-on-edge-amid-next-ceo-squabbles-1755547/