Investor, Pzena Investment Management Calls On The Board Of Gildan Activewear Inc. To Re-Appoint Glenn Chamandy As CEO
Portfolio Pulse from Benzinga Newsdesk
Pzena Investment Management, a firm owning over 10 million shares of Gildan Activewear Inc., has issued a letter to Gildan's Board of Directors urging the re-appointment of Glenn Chamandy as CEO. Pzena has a 28-year history and is taking an active stance in the company's leadership decisions.
December 15, 2023 | 9:25 pm
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NEUTRAL IMPACT
Pzena Investment Management's call for Glenn Chamandy's re-appointment as CEO of Gildan Activewear could influence investor sentiment and potentially affect the company's stock price.
The recommendation from a significant shareholder like Pzena Investment Management to re-appoint a former CEO can be seen as a move to stabilize or improve the company's leadership, which might be viewed positively by the market. However, without further information on the Board's response or broader market sentiment, the immediate impact on the stock price is uncertain.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80