Gildan Activewear provides update on former CEO
MONTREAL, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) today provides further information with respect to Glenn Chamandy’s conduct around the time of his removal as CEO on December 10, 2023.
- MONTREAL, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) today provides further information with respect to Glenn Chamandy’s conduct around the time of his removal as CEO on December 10, 2023.
- Mr. Chamandy’s actions and lack of transparency with the Board are further indication that new leadership was required at Gildan.
- Mr. Chamandy failed to disclose that he had invested in funds managed by a Gildan shareholder who has now come out in support of reinstalling Mr. Chamandy as CEO.
- The company has no record in recent history of any other Gildan shareholder and their own investors being hosted by the CEO to an exclusive visit to a Gildan facility.