Gildan Activewear (TSE:GIL) has released an update.
Gildan Activewear Inc. has announced a major leadership shakeup with the entire Board of Directors resigning and President & CEO Vince Tyra stepping down, effective immediately. The company has also halted discussions on a potential sale ahead of its Annual Meeting on May 28, 2024. This move comes as shareholders expressed their views, prompting the outgoing Board to allow for an orderly transition to a new Board appointed by Browning West.
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