A month ago, the founder of lululemon athletica suggested to an interviewer that some women's bodies were to blame for the Vancouver-based company's see-through yoga pants fiasco. Then Chip Wilson added fuel to the backlash by releasing a pseudo-apology on video—one that apologized to the staff of lululemon, but not its customers.
Now Wilson is on his way out as chair of lululemon. The company announced on Monday (December 9) that Wilson plans to resign from the post before lululemon's annual general meeting in June 2014.
Wilson will stay on the board as a director. Lead director Michael Casey has been selected to replace Wilson as chair.
Lululemon also announced that Laurent Potdevin, former president of TOMS Shoes, will succeed Christine Day as CEO in January 2014. The company's CEO since 2008, Day had revealed her departure plans earlier this year.
"lululemon's success has always been and will continue to be my highest priority. I am delighted that Laurent will be joining lululemon and believe his talents and experience ideally complement our existing management team. I know he will have a strong impact on the business as he has the vision and leadership capabilities necessary to create and direct its future," Wilson said in a news release. "As Laurent joins as CEO, I believe that now is the right time for me to begin to transition out of my role as Chairman of the Board."