Lululemon's Founder Chip Wilson Steps Down

on January 11 2012.

Lululemon Founder Chip Wilson is stepping down from his executive position of chief innovation and branding officer at the apparel brand on January 29. He will continue to serve as Chairman of the Board of Directors. Lululemon's CEO Christine Day continues in her role, which she has served since 2008. Lululemon gave no reason for the decision, issuing the following statement from Chip: "I feel comfortable leaving the company with Christine Day at the helm of a world class management team whom I fully believe will continue to elevate our world."

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