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

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 departure of the board and Tyra ahead of the meeting is an apparent concession that a majority of shareholders favoured Browning West's slate — and Chamandy — instead.

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