Gildan Activewear Inc's Executive Vice-President, Chief Financial and Administrative Officer James Kehoe has resigned less than a month after accepting the position to take a similar position at Kraft Foods Group Inc. The opportunity at Kraft arose as a result of organizational changes announced by Kraft last week.
Kehoe has held senior roles in finance and operations over the course of an approximate 25-year career at Kraft.
“I am impressed with the professionalism of Gildan’s finance team and remain convinced of the strategic growth opportunities in front of Gildan,” said Kehoe. “However, while the timing of this change is not ideal, the opportunity with Kraft is something I could not pass up given my extensive history with the company and its people.”
Laurence G. Sellyn, who held the position of EVP, CFO and CAO of Gildan prior to Kehoe’s appointment, will resume his former responsibilities while the company resumes its search to find his successor.
Gildan is a leading supplier of quality branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The company sells its products under a diversified portfolio of company-owned brands, including the Gildan, Gold Toe and Anvil brands and brand extensions, as well as the Secret, Silks and Therapy Plus brands. The company also has the U.S. sock license for Under Armour, and licenses for Mossy Oak and New Balance brands. The company distributes its products in printwear markets in the U.S. and Canada, as well as in Europe, Asia Pacific and Latin America. The company also markets its products to a broad spectrum of retailers in the U.S. and Canada. The company also manufactures for select leading global athletic and lifestyle consumer brands.
