Gildan Activewear (TSE:GIL) has released an update.
Gildan Activewear’s Board of Directors is rallying shareholders to vote in favor of its recommended nominees, including the election of Karen Stuckey and J.P. Towner, during the upcoming Annual Meeting on May 28, 2024. The company highlights a significant board refreshment with five new independent directors, emphasizing a blend of fresh insights and proven expertise aimed at executing Gildan’s strategy and enhancing shareholder value. This move is positioned as a counteraction against activist investor Browning West’s attempt to replace eight current directors and reinstate a former CEO, which the board views as a threat to shareholder investment stability.
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