MONTREAL, Dec. 18,
2023 /PRNewswire/ - Glenn J.
Chamandy, former President and CEO and co-founder of Gildan
Activewear Inc. (TSX: GIL) (NYSE: GIL) ("Gildan" or the
"Company"), today issued the following statement:
Contrary to media reports, I gave no ultimatum to Gildan's
board with respect to any strategy or potential acquisitions.
This is a sideshow to distract from the reaction the
shareholders have had with respect to the board's handling of
succession planning, in which I was not involved. I did not and
could not orchestrate or control the events; the board conducted
the process.
I do believe, it is essential that a leadership transition be
conducted in a manner consistent with Gildan's successful
track record. Preserving our talent, culture and expertise - the
pillars of our success - is vital. Obviously considering
shareholder engagement is integral to the decision-making
process.
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SOURCE Glenn J. Chamandy