Gildan Activewear, Inc. President, CEO and Board Director Glenn J. Chamandy has reportedly left the company, and Vince Tyra has been appointed president and CEO, effective February 12, 2024.
Craig A. Leavitt, a company director since 2018, will serve as interim president and CEO until Tyra assumes his new role.
“The Board is confident that Vince is the right person to lead the company into the next stage of its next stage of its evolution and growth. 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,” said Donald C. Berg, chairman of the Board of Gildan Activewear, Inc.
“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 $3 billion in revenues,” added Berg, commenting on the outgoing CEO. “We thank Glenn for his service and wish him well.”
Tyra stated, “I am looking forward to joining Gildan early in the new year. It is a truly iconic business with an unparalleled global reputation. 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.”
Throughout a career spanning leadership roles in the apparel and investment sectors, Tyra has reportedly demonstrated “an exceptional ability to drive growth and shareholder value while building strong teams and key relationships with a diverse range of stakeholders.”
“Vince brings to Gildan a deep understanding of the apparel industry from manufacturing processes to distribution and brand building,” the company stated in a release. “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, making it the industry leader. 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.”
The company said that Tyra also brings strong financial acumen. He was an operating partner at Southfield Capital, where he was a member of its Investment Committee. Most recently, he worked at Houchens Industries as senior vice president of corporate strategy and mergers and acquisitions, leading the strategic growth of the holding company with $4 billion in revenue through investments in various industry sectors, including consumer products and retail. He also served as the University of Louisville’s VP and director of intercollegiate athletics.
“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. Gildan is well positioned to build upon our strong market share and best-in-class capabilities,” said Leavitt.
Photos courtesy Gildan, Houchens Industries
