In a sudden capitulation to former CEO Glenn Chamandy and his activist backers led by Browning West, the entire GIL board and president and CEO Vince Tyra have stepped down, as of the end of business on May 23. In its final act before resigning, the board appointed Browning West nominees to the board of directors in their place, effective at that time. The outgoing board has ceased discussions regarding the previously announced sale process. According to multiple reports, Browning West’s slate of directors was ahead in the count as shareholder ... Log in to view full article.