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Gildan Activewear Inc. (GIL: TSX and NYSE) announced significant leadership changes today as the full Board of Directors resigns, and Vince Tyra steps down as President and Chief Executive Officer, effective immediately. The outgoing Board has appointed Browning West nominees to fill the vacant positions on the Board of Directors.
The decision to resign comes as shareholders have made their sentiments clear leading up to the May 28, 2024 Annual Meeting. The outgoing directors believe that their resignation and withdrawal from standing for election at the upcoming meeting are in the best interests of all Gildan stakeholders. This move allows the new Board to be seated promptly, ensuring an orderly transition and efficient oversight of the Company.
With the resignation of the full Board of Directors and the departure of Vince Tyra, Gildan Activewear faces a significant leadership transition. The outgoing directors extend their best wishes to the new directors, the management team, Gildan’s 45,000 employees, and its shareholders as they embark on this new chapter.
About Gildan
Gildan Activewear Inc. is a leading manufacturer of everyday basic apparel, specializing in activewear, underwear, and socks. The Company serves a diverse customer base, including wholesale distributors, screenprinters, embellishers, and retailers with physical stores and e-commerce platforms. Gildan markets its products under a portfolio of Company-owned brands. Operating in North America, Europe, Asia Pacific, and Latin America, Gildan is committed to delivering high-quality apparel to consumers worldwide.
