By  on January 6, 2012

Chip Wilson, founder and chairman of Lululemon Athletica Inc. plans to exit his post as chief innovation and branding officer on Jan. 29.

Wilson founded the company in 1998 and served as its chief executive officer until 2005. He successfully tapped into the athletic lifestyle with a casual aesthetic and built a powerhouse firm that now has a market capitalization of $7.7 billion.

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