Gildan Activewear Inc. (TSX:GIL) (NYSE:GIL) today announced that
its Board of Directors has nominated Maryse Bertrand, Marc Caira,
Charles M. Herington and Craig Leavitt as Director nominees to
be voted on by the Company’s shareholders at its upcoming Annual
Meeting of Shareholders to be held on May 3, 2018 in Montreal,
Quebec.
“The competitive dynamics in the apparel
industry continue to evolve and these proposed director candidates
are highly accomplished individuals who will bring a wealth of
experience to the Board as the Company continues to grow” said
Gildan’s Chairman Bill Anderson.
Maryse Bertrand has had a career in law and
business spanning over 35 years. Ms. Bertrand is currently an
advisor in corporate governance and risk management and is a member
of the Boards of Directors of National Bank of Canada, Canada’s
sixth largest retail and commercial bank, and Metro Inc., a leader
in the grocery and pharmaceutical distribution sectors in Canada.
From 2016 to 2017, she was Strategic Advisor and Counsel to Borden
Ladner Gervais LLP, and, prior to that she was Vice-President, Real
Estate Services, Legal Services and General Counsel at
CBC/Radio-Canada, Canada’s public broadcaster. Prior to 2009,
Ms. Bertrand was a partner at Davies Ward Phillips and
Vineberg LLP, where she specialized in M&A and corporate
finance, and served on the firm’s National Management Committee.
She was named as Advocatus emeritus (Ad. E.) in 2007 by the Quebec
Bar in recognition of her exceptional contribution to the legal
profession. Mrs. Bertrand holds a law degree from McGill University
and a Masters in Risk Management from New York University, Stern
School of Business.
Marc Caira is currently the Vice-Chairman of the
Board of Directors of Restaurant Brands International Inc., a
multinational quick service restaurant company. Mr. Caira also
serves on the Boards of Directors of Hydro One Limited, an
electricity transmission and distribution services provider, and
the Minto Group, a private real estate developer. He also serves on
the Board of Governors of Seneca College, a leading post-secondary
educational institution. Previously, Mr. Caira was President
and Chief Executive Officer of Tim Hortons Inc., a multinational
fast food restaurant, and he also served as a member of the
Executive Board of Nestlé S.A. in Switzerland, a transnational food
and beverage company, and Chief Executive Officer of Nestlé
Professional. Mr. Caira holds an Advanced Diploma in Marketing
Management from Seneca College, Toronto and is a graduate of the
Director Program at The International Institute for Management
Development, Lausanne, Switzerland.
Charles M. Herington is currently the Chief
Operating Officer, Vice-Chairman and President of Global Operations
at Zumba Fitness LLC, a worldwide provider of dance fitness
classes. Mr. Herington also sits on the Boards of Directors of
Molson Coors Brewing Company, a multinational brewing company, Klox
Technologies, a specialty biopharmaceutical company, and Hy Cite
Enterprises, LLC, a designer and manufacturer of household
products. From 2006 to 2012, Mr. Herington served as Executive
Vice-President of Developing and Emerging Markets Group at Avon
Products Inc., a manufacturer and marketer of beauty related
products. Prior to that, Mr. Herington was President and Chief
Executive Officer of America Online (AOLA) Latin America. Prior to
that, he was President of the Latin America division at Revlon, and
before that, he was President at Pepsico Restaurants Latin America,
Inc. Mr. Herington began his career in brand management at Procter
& Gamble Co, a multinational consumer goods corporation. Mr.
Herington received his B.S. Degree from Instituto Tecnológico y de
Estudios Superiores de Monterrey.
Craig Leavitt has had a career as a business
leader in the retail sector that spans over 30 years.
Mr. Leavitt most recently served as Chief Executive Officer of
Kate Spade & Company, a designer and marketer of fashion
accessories and apparel, where he led the successful $2.4 billion
divestiture of Kate Spade & Company to Coach, Inc. in
2017. Previously, Mr. Leavitt was President of Global Retail at
Link Theory Holdings, a company that manufactures and sells
contemporary clothing and accessories for men and women. He also
spent several years at Diesel, an Italian retail clothing company,
where he was most recently Executive Vice-President of Sales and
Retail, and he spent 16 years at Polo Ralph Lauren, known for its
clothing, marketing and distribution of products in apparel, home
accessories and fragrances, where he held positions of increasing
responsibility, including Executive Vice-President of Retail
Concepts. Mr. Leavitt serves on the Boards of Directors of
Build-A-Bear Workshop, Inc., a global, interactive retail
destination for creating customizable stuffed animals, where he is
Non-Executive Chair, and Crate & Barrel, an industry-leading
home furnishings specialty retailer. Mr. Leavitt holds a
Bachelor of Arts Degree from Franklin & Marshall College.
With these nominations, Gildan is proposing to
increase the size of its Board from nine to twelve directors.
Current long-standing director Sheila O’Brien will not be standing
for re-election at the Annual Meeting of Shareholders. “On behalf
of the entire Gildan Board and management team, I would like to
thank Sheila for her thirteen years of service and invaluable
contributions as a director,” commented Mr. Anderson.
About GildanGildan is a leading
manufacturer of everyday basic apparel which markets its products
in North America, Europe, Asia-Pacific and Latin America, under a
diversified portfolio of Company-owned brands, including Gildan®,
American Apparel®, Comfort Colors®, Gildan® Hammer™, Gold Toe®,
Anvil®, Alstyle®, Secret®, Silks®, Kushyfoot®, Secret Silky®,
Therapy Plus™, Peds® and MediPeds®, and under the Under Armour®
brand through a sock licensing agreement providing exclusive
distribution rights in the United States and Canada. Our product
offering includes activewear, underwear, socks, hosiery and legwear
products sold to a broad range of customers, including wholesale
distributors, screenprinters or embellishers, as well as to
retailers that sell to consumers through their physical stores
and/or e-commerce platforms. In addition, we sell directly to
consumers through our own direct-to-consumer platforms.
Gildan owns and operates vertically-integrated,
large-scale manufacturing facilities which are primarily located in
Central America, the Caribbean Basin, North America, and
Bangladesh. With over 50,000 employees worldwide Gildan operates
with a strong commitment to industry-leading labour and
environmental practices throughout its supply chain in accordance
with its comprehensive Genuine Responsibility™ program embedded in
the Company's long-term business strategy. More information about
the Company and its corporate citizenship practices and initiatives
can be found at www.gildancorp.com and www.genuinegildan.com,
respectively.
Investor inquiries:Sophie ArgiriouVice
President, Investor Communications(514)
343-8815sargiriou@gildan.com
Media inquiries:Garry BellVice-President,
Corporate Communications and Marketing(514)
744-8600gbell@gildan.com
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