Gildan CEO, board resign ahead of shareholder vote, paving way for ex-CEO's return

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Glenn Chamandy News

Gildan Activewear Inc.,Board Of Directors,Annual Meeting

The CEO and board of directors at Gildan Activewear Inc. have resigned ahead of the company's annual meeting on Tuesday, paving the way for the company's co-...

The CEO and board of directors at Gildan Activewear Inc. have resigned ahead of the company's annual meeting on Tuesday, paving the way for the company's co-founder to return as chief executive.

At the time, the company said it made the swap because Chamandy had no credible long-term strategy for the company and had lost the board's trust and confidence. The outgoing board also says it ended previously announced discussions about a potential sale of the company. "The outgoing directors wish the new directors, the management team, Gildan’s 45,000 employees, and its shareholders success in the future."Suncor Energy stock has crushed the broader markets in the last 20 years. But this TSX energy stock has beaten Suncor by a wide margin. The post A Dividend Giant I’d Buy Over Suncor Energy Stock appeared first on The Motley Fool Canada.China sold a record $53.

 

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