The five-month proxy contest between LULU and founder Chip Wilson reached an amicable end Tuesday, with two of Wilson’s director candidates—Laura Gentile, former ESPN marketing chief, and Marc Maurer, former co-CEO of On—joining the board following June 25’s Annual Meeting. The company agreed to add another director with “product and brand expertise in apparel” by Oct. 1, which seemingly rules out Wilson’s third candidate, former Activision CEO Eric Hirschberg.

The current challenge began last year, when LULU’s CEO search got underway after Calvin McDonald announced his departure, and Wilson weighed in alongside ... Log in to view full article.