Lululemon has settled its feud with founder Chip Wilson, which includes a clause that he stops bad-mouthing the company for an extended period of time.
Lululemon founder Chip Wilson has agreed to stop publicly criticizing the athleisure company for 18 months.
The settlement ends a five-month proxy fight and adds three directors to the board.
The agreement clears obstacles for incoming CEO Heidi O'Neill as shares have fallen over 30 percent this year.
AI-generated summary was reviewed by a CNN editor.
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