Ex-Goldman Sachs executive Tim Hodgson becomes Gildan Activewear's board chair amid shareholder rebellion led by Browning West LP.
Ex-Goldman Sachs executive Tim Hodgson takes over as board chair at Gildan Activewear, calling for an end to the shareholder rebellion that has left the clothing company's future in limbo. Gildan, one of the world's largest makers of cheap T-shirts, has been embroiled in a bitter fight with several of its largest investors over who should be in charge in the boardroom and the CEO's suite. Hodgson has to contend with Los Angeles-based investment firm Browning West LP, which is campaigning to install eight new directors and to bring back longtime CEO Glenn Chamandy.
April 22, 2024
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