Gildan Activewear CEO Glenn Chamandy reinstated after conflict, shareholders elect him and activist investors' slate.
Gildan Activewear Inc. CEO Glenn Chamandy reinstated after a six-month feud with activist investors, with shareholders electing him to the board alongside a slate of candidates put forward by activist investors. Chamandy, who co-founded the company, was ousted last year amid accusations he was unfit to lead the Montreal-based clothing company. Gildan has become a US$6 billion firm by manufacturing affordable T-shirts in low-cost countries and supplying major North American retailers.
May 28, 2024
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