We disagree with the Board’s decision to terminate Glenn Chamandy and strongly urge the Board to reverse this decision and re-appoint Glenn Chamandy as the CEO of Gildan.
have independently publicly supported our campaign and efforts to expeditiously reinstate Glenn Chamandy
by senior executives, signaling a lack of confidence in the Board and the new CEO Vincent Tyra
have spoken out against the Board’s handling of succession and support our campaign
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We disagree with the Board’s decision to terminate Glenn Chamandy and strongly urge the Board to reverse this decision and re-appoint Glenn Chamandy as the CEO of Gildan.
Cooke & Bieler LP, which holds nearly 6% of Gildan’s shares, is also backing a return of Chamandy and believes that Chairman Donald Berg would have to go...
We disagree with the Board’s decision to remove Mr. Chamandy as CEO given his strong track record of value creation, and are calling for his immediate reinstatement and the implementation of a formal succession planning process including the engagement of Company shareholders.
…Failing to bring back Chamandy, who’s been running the business for decades, ‘would expose shareholders to risks including further executive departures, loss of strategic and operational insight, impairment of employee goodwill, and weakening of customer relationships…’
In light of this strong support, and to avoid further distraction for Gildan, we ask the board to reinstate Chamandy as CEO immediately.
… Oakcliff Capital followed with its own letter to Gildan, pledging to vote for Browning West’s slate of directors. The firm said the sale of shares by some other members of Gildan’s management team pointed to a lack of confidence. Chamandy 'should be reinstated as CEO immediately…'
Turtle Creek intends to vote in favour of each [Browning West] nominee at the Special Meeting and believes a substantial majority of other shareholders conducting their respective independent reviews of the nominees will arrive at the same conclusion.
Jarislowsky Fraser intends to support Browning West and its intent to requisition a Special Meeting of Gildan Shareholders to appoint five new director candidates.