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Chip Wilson, founder of lululemon, is stepping down from the company’s board of directors.

Wilson founded lululemon in 1998, after which he expanded the company from a small storefront in Vancouver to an international brand with more than 250 locations.

In January 2012, Wilson left his position as Chief Innovation and Branding Officer to begin a sabbatical. About a year later, he was asked to return to help revive the brand and handle significant management changes.

Read: Lululemon finds new CEO, shakes up board

Now, says Wilson, “The company has returned to the core values that made it great, and [it’s] back on track […] I have achieved the goals I set when I came back, and after careful thought, I believe now is the right time to step away from the board.”

Read:

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Originally published on Advisor.ca

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