The Vancouver-based company also announced that Laurent Potdevin will take over as CEO in January and join the board. He succeeds Christine Day, who announced in June that she planned to resign after her 6-year tenure.
Wilson, who was serving as non-executive chairman, plans to step down prior to the company's annual meeting in June 2014 and will be replaced by board member Michael Casey
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Potdevin most recently served as president of Toms Shoes. Prior to Toms, Potdevin worked as CEO at Burton Snowboards for five years.
In March, Lululemon had to pull its popular Luon black yoga pants from stores following customers complaints that they were too sheer and showing too much of those customers.
With new products in stores, customers continued to complain about sheerness, as well as holes and seams that were coming apart after a few months of wear.
In a recent TV interview, Wilson said that some women's bodies "just don't actually work" for Lululemon pants, as thigh rubbing over time will cause the pilling.
Contributing: The Associated Press
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