T-shirt giant Gildan’s new CEO rocked by allegations of affair with underling: sources

One of the world’s largest apparel makers has been roiled by fresh dirt coming to the surface during a CEO shuffle — muddying a succession battle forged by activist investors who want the company to bring back the ousted boss, The Post has learned.

Gildan Activewear, a Montreal-based T-shirt wholesaler with a roughly $6 billion market cap, pushed out co-founder Glenn Chamandy last December and tapped veteran executive Vince Tyra to replace him.

However, Tyra allegedly had an affair more than two decades ago with an employee who reported directly to him at another company — and who now holds a senior leadership position at Gildan, according to a report by a research firm that The Post reviewed in redacted form.

Now, California-based hedge fund Browning West and other sizable shareholders, which had pushed to remove five directors after Chamandy’s ouster in December before the report about the alleged affair, claim Gildan’s board failed to do its due diligence before hiring Tyra – and his reunion with a possible former paramour may create potential legal headaches down the line, sources said.

“If a CEO behaves like this again we will get MeTooed. That is not good for us,” a Gildan shareholder with a large stake in the company told The Post.

The alleged affair was unearthed by Paragon Intel, which sells annual subscriptions for its 100 or so yearly reports for as much as $75,000 to investment firms.