Gildan shareholder Jarislowsky Fraser Ltd. renews call for CEO's reinstatement
BNN Bloomberg
Gildan Activewear Inc.'s largest shareholder is renewing its recent call to reinstate the company's former chief executive.
Jarislowsky Fraser Ltd.'s head of research and Canadian equities portfolio manager says the shareholder stands "firmly" against the recent decision by Gildan's board to terminate Glenn Chamandy.
Charles Nadim says his firm believes Chamandy remains best positioned to lead the Montreal apparel company into a major expansion while mentoring internal candidates as part of a thorough succession plan.
Nadim is asking Gildan's board to acknowledge the recent opposition to Chamandy being removed from his CEO post and replaced by outsider Vince Tyra.
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