Activist investors in Gildan Activewear will have chance to bring back fired CEO at special meeting
Publishing timestamp: 2024-01-29 21:18:08
Summary
Gildan Activewear will hold a special election to determine if ousted CEO Glenn Chamandy will return. Chamandy claims that the board is pursuing a "value-destructive" strategy and not listening to shareholders. Investment firm Browning West has demanded Chamandy's reinstatement and has gained support from other major shareholders. The special meeting is scheduled for the end of May.
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