Chip Bergh Appointed to Lululemon Board, David Mussafer to Retire

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announced the appointment of Chip Bergh as a new independent director, effective March 17, 2026. Bergh, former President and CEO of Levi Strauss & Co., brings extensive experience in driving growth and value creation for iconic consumer brands. Simultaneously, David Mussafer, a current board member, informed the company of his intention to retire from the Board at the end of his current term and will not stand for reelection at the 2026 Annual Meeting. Bergh will serve on the Corporate Responsibility, Sustainability, and Governance Committee and the People, Culture, and Compensation Committee. Mussafer's departure will reduce the Board size from 10 to 9 members.

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About Lululemon Athletica Inc.

Lululemon Athletica Inc. is a renowned athletic apparel company that specializes in designing and retailing premium, technical athletic clothes. Originating in Vancouver, Canada, Lululemon has cultivated a brand that is synonymous with high-quality performance wear, catering primarily to athletic activities such as yoga, running, and other fitness pursuits. The company's innovative approach to fabric technology, fit, and functionality has made it a favorite among fitness enthusiasts and casual wearers alike. Lululemon's product offerings include a variety of apparel such as pants, shorts, tops, and accessories, extending also into lifestyle apparel, reflecting the company's broader appeal beyond just workout gear. With a significant global presence and a strong direct-to-consumer sales model, Lululemon plays a crucial role in the retail sector, influencing trends and standards in the specialized athletic wear industry. Its market significance is underscored by its strong brand loyalty and continuous expansion efforts into new markets and product categories, maintaining its position as a leader in the athletic apparel market.