Gildan Activewear (TSE:GIL) has released an update.
Gildan Activewear Inc. announced a strategic update to its Board of Directors, set to take effect on May 1, 2024, to steer the company into a new phase of sustainable growth with CEO Vince Tyra at the helm. Five new independent directors, including former high-profile executives from the Bank of Canada, Goldman Sachs Canada, and Scotiabank, will replace five departing board members. This move, aimed at benefiting all shareholders, comes amid a crucial sale process and shareholder discussions, reflecting a proactive approach to corporate governance and leadership transition.
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