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"Chip Wilson, who founded upscale yoga apparel retailer Lululemon Athletica Inc., will resign as chairman next year, the company said while also announcing that it had found a replacement for its outgoing chief executive.

Laurent Potdevin, president of Santa Monica shoe company Toms and a former CEO of Burton Snowboards, will take over from Lululemon Chief Executive Christine Day in January. Potdevin will also become a Lululemon board member.

Day had stayed on with the company to help find her successor after announcing plans in June to step down.

Swapping out Wilson was a more unexpected move."* The Young Turks hosts Cenk Uygur and Ana Kasparian break it down.

*Read more here from Tiffany Hsu / LA Times:

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