How Lululemon’s founder is seeking to restore traders’ religion as a brand new CEO is picked

Lululemon founder Dennis “Chip” Wilson is making noise again, launching a proxy battle to put his stamp on the struggling yoga-gear retailer as it looks for new leadership.

Wilson, who resigned from Lululemon’s

LULU board a decade ago, isn’t looking to get back on. But on Monday, he said he was nominating three director candidates in an effort to “restore shareholder confidence.”