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Article Date: April 2024
Word Count: 254

Gildan Activists Aren’t Happy with Board Refresh

Former CEO Glenn Chamandy and investment firm, Browning West hammered home their criticisms in assessing GIL’s board refresh, calling it a sleight of hand to distract from a failing attempt to sell the company. The firm’s principals Usman S. Nabi and Peter M. Lee deemed the moves added to the board’s “list of failures” including the CEO succession process, diligence and the sales process. While they see the exit of directors responsible for inking that list as a positive, they deem it rooted in a “relentless focus on protecting [new CEO] ... Log in to view full article.


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