Gildan makes raft of new board appointments

A refreshed board of directors has been announced by Gildan Activewear to support and guide the company through its next phase of growth under the leadership of president and CEO, Vince Tyra.

The company is pleased to announce that its board of directors has appointed the following as independent directors of the board, effective May 1:

• Timothy Hodgson, former special advisor to Governor Carney at the Bank of Canada and former CEO of Goldman Sachs Canada.
• Lewis L. Bird III, former chairman and chief executive officer of At Home Group.
• Jane Craighead, former senior vice president global human resources at Scotiabank.
• Lynn Loewen, former president of Minogue Medical.
• Les Viner, former managing partner of Torys.

The five new directors take the seats of directors Donald C. Berg, Maryse Bertrand, Shirley Cunningham, Charles Herington, and Craig Leavit. The board decided that near-term board refreshment was in the best interests of Gildan.

In addition, Luc Jobin and Chris Shackelton, members of the special committee supervising the ongoing sale process, will continue in their roles to help transition the special committee to the refreshed board.

Tim Hodgson, incoming chair of Gildan, said: “I look forward to working with this highly qualified board and management team to realise the full benefits of Vince’s ambitious yet realistic plan to drive growth by enhancing the Gildan Sustainable Growth strategy.

“The refreshed board and I fully believe in Vince and his talented team as well as Gildan’s leading market position and growth prospects. Rest assured, I and every member of the board and management team will continue to work tirelessly on behalf of all Gildan shareholders to ensure value is being maximised.”

Mr Tyra added: “I am excited to lead Gildan forward with Tim and this world-class, reconstituted board, and look forward to leveraging their deep, varied expertise and strengths as we aim to build value together through thoughtful execution and sustainable growth.”