Posted December 2, 2015

 

MONTREAL – Gildan Activewear Inc. announced that Glenn J. Chamandy, its president and CEO, has transferred 3,000,000 Gildan common shares to a family foundation established for philanthropic purposes.

 

In addition, Chamandy plans to transfer 5,000,000 common shares to an independent trust for the benefit of his family for estate planning purposes.

 

These decisions are unrelated to Chamandy’s ongoing role as president and CEO of Gildan, where he remains committed to leading the company’s operations and its long-term growth strategy.

 

Source: Gildan

Gildan president & CEO establishes family foundation, trust