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Stock impact report

Gildan taps ex-Goldman executive as chair in last stand against activist investor [Financial Post (Toronto, Ontario, Canada)]

Gildan Activewear, Inc. Class A Sub. Vot. (GIL) 
Last gildan activewear, inc. class a sub. vot. earnings: 4/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: gildancorp.com/investors-landing-page
Company Research Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. Canadian clothing manufacturer Gildan Activewear Inc. said several directors will leave within days and a former Goldman Sachs Group Inc. executive will become chair, a last-ditch effort by the board to convince investors not to support the plans of an activist shareholder. Tim Hodgson, the former head of Goldman's Canadian unit, is to become chairman on May 1, replacing Donald Berg, who's one of five directors planning to leave on that date. Article content Article content The company said its strategic review is still active and it's listening to potential offers, but it doesn't expect to announce anything soon. Gildan's board has been fighting a months-long battle with investment firm Browning West LP , which wants to install eight new directors, drop new chief executive Vince Tyra and bring back former CEO Glenn Chamandy. Browning West has the backing of a number of other large Show less Read more
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