Browning West Troubled by the Gildan Activewear Board’s Desperate and Erratic Behavior Following Concerning News About CEO Vince Tyra
“It is unfortunate that the Board is acting in a desperate, erratic manner now that its apparent failures of diligence and judgement during last year’s CEO search process have been validated. Rather than use an error-ridden regulatory letter to spur a shameless publicity stunt in a captive Canadian newspaper, the Board should immediately accept shareholder feedback and collaborate with us on the appointment of our highly qualified, independent director candidates. Shareholders are tired of the Board’s bizarre and wasteful ‘campaign.’ Based on continuously encouraging shareholder feedback since December, we are confident that we are on course to appoint our entire slate at the upcoming Annual Meeting. The current Board is also fully aware that shareholders are strongly supportive of
We stand by our
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Browning West is an independent investment partnership based in
Browning West seeks to identify and invest in a limited number of high-quality businesses and to hold these investments for multiple years. Backed by a select group of leading foundations, family offices, and university endowments, Browning West’s unique capital base allows it to focus on long-term value creation at its portfolio companies.
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Source: Browning West, LP