Gildan Activewear Inc., Montreal, has revealed that Glenn J. Chamandy has left his position as president, chief executive officer and director of the company.
Vince Tyra has been appointed president and CEO, effective Feb. 12, 2024.
“The Board is confident that Vince is the right person to lead the Company into the next stage of its evolution and growth,” says Donald C. Berg, Chairman of the Board. “He has an extensive career as a global organization leader with experience as an apparel industry executive, an operator, an investor and transitioning founder-led companies. Vince’s diverse professional background will provide the necessary leadership skills to propel Gildan to even greater success.”
“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 US$3 billion in revenues,” Berg says. “We thank Glenn for his service and wish him well.”
Gildan will remain fully focused on its Gildan Sustainable Growth strategy and its three key pillars: Innovation, Capacity-Driven Growth and ESG.
Throughout a career in various leadership roles in the apparel and investment sectors, Tyra has demonstrated an exceptional ability to drive growth and shareholder value, while building strong teams and key relationships with a diverse range of stakeholders, according to the company.
He led alphabroder, where he spearheaded the transformation of the business through a merger and during his six years as CEO, he tripled alphabroder’s revenue. Before alphabroder, Vince was president of Fruit of the Loom, where he led a turnaround of the company culminating in its sale to Berkshire Hathaway.
“I am looking forward to joining Gildan early in the new year. It is a truly iconic business with an unparalleled global reputation,” says Tyra. “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 maximizing value for all of Gildan’s stakeholders.”
Craig A. Leavitt, a director of the company since 2018, will serve as interim president and chief executive officer until Tyra assumes his new position.
“In my brief tenure as Interim President and CEO, it will be my privilege to work with this great team to ensure continued orderly operations of this highly profitable enterprise and ensure a successful transition for Vince as our new leader,” says Leavitt. “Gildan is well positioned to build upon our strong market share and best in class capabilities.”
