Gildan Board Says Timeline Supports its Choices
The board of directors issued an extensive timeline of its side of the Glenn Chamandy ouster controversy on Wednesday, filling in color on the previously alluded to succession plan started in Dec. ’21. The board said that Chamandy agreed to a three-year succession plan at that time after his May ’21 announcement that he planned to retire in 3-5 years. The plan called for the CEO to step down in Dec. ’24, then leave after a transition period. By May ’22, the board had a 37-name list of external candidates alongside ... Log in to view full article.