Gildan Activewear board director, president and CEO Glenn J. Chamandy has stepped down from his position.
“Over the span of his 40-year career, Glenn has been a forerunner in our industry, taking Gildan from a small family-owned business to a leading apparel company with over 3 billion dollars in revenues,” Donald C. Berg, chairman of the board.
Vince Tyra has been named president and CEO, beginning 12th February 2024, the firm announced in a statement. Craig A. Leavitt, a director of the company since 2018, will take over as president and CEO in the interim until Tyra takes up his new role.
Tyra, according to the business, brings to Gildan a thorough understanding of the apparel sector, including distribution, brand development, and manufacturing procedures. During his six years as CEO, he tripled Alphabroder’s revenue and made it the industry leader. He also guided the company’s restructuring through a merger. Tyra managed a turnaround at Fruit of the Loom, which resulted in the company’s sale to Berkshire Hathaway, prior to joining Alphabroder.
Commenting on his new role at Gildan, Tyra stated, “I look forward to working closely with the board and the senior executive team, and all of the extremely talented employees to leverage their knowledge and expertise so that we continue maximising value for all of Gildan’s stakeholders.”