Enhanced Investments - Financial Portal

STATEMENT BY GLENN J. CHAMANDY FOLLOWING FOUR DECADES OF SERVICE TO GILDAN ACTIVEWEAR

Published: 2023-12-11 13:09:00 ET

MONTREAL, Dec. 11, 2023 /PRNewswire/ - Glenn J. Chamandy, President and CEO and co-founder of Gildan Activewear Inc. (TSX: GIL) (NYSE: GIL) ("Gildan" or the "Company"), today issued the following statement following four decades of service to the Company, including nearly 20 years as President and CEO:

Yesterday, I received notice from the Chairman of Gildan Activewear's Board of Directors that the Company was terminating my employment agreement without cause. It is unfortunate that my vision of the path forward has differed from that of other Board members.

This comes after 40 years of service in the impressively successful company founded by my family.

I am immensely proud of the robust and highly competitive organization we built over more than four decades of unwavering efforts to be the best in every market where we compete. The value created by our great team is impressive by any standard.

I hold our dedicated employees in the highest regard and am continually humbled by the steadfast support from our actively engaged shareholders. I also wish to express my gratitude to our exceptional customers, who have supported us through thick and thin.

View original content:https://www.prnewswire.com/news-releases/statement-by-glenn-j-chamandy-following-four-decades-of-service-to-gildan-activewear-302011380.html

SOURCE Glenn J. Chamandy

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.