lululemon Founder Steps Down as Chairman Following Controversial Remarks

Athletic apparel maker lululemon athletica said Tuesday founder Chip Wilson will step down as chairman of the board, following his controversial statement about women's body types. The Vancouver-based company also announced that Laurent Potdevin will take over as CEO in January and join the board. Potdevin succeeds Christine Day, who announced in June that she planned to resign after her six-year tenure. Wilson, who was serving as nonexecutive chairman, plans to step down prior to the company's annual meeting in June 2014, and will be replaced by board member Michael Casey.