Gildan Board Resigns, Activist Investor Takes Control

Browning West's victory reinstates co-founder Glenn Chamandy as CEO, ending months of corporate turmoil.

Entire board and CEO Vince Tyra stepped down after a five-month proxy battle.
Browning West, owning 5% of Gildan shares, successfully pushed for new leadership.
Former CEO Glenn Chamandy returns with plans to boost revenue and shift production.
Outgoing board halted discussions on a potential sale of the company.
New strategy aims to enhance shareholder value and improve operational efficiency.