STATEMENT BY GLENN J. CHAMANDY

Dec 18, 2023

PR Newswire

MONTREAL, Dec. 18, 2023

MONTREAL, Dec. 18, 2023 /PRNewswire/ - Glenn J. Chamandy, former President and CEO and co-founder of Gildan Activewear Inc. (TSX: GIL) (NYSE: GIL) ("Gildan" or the "Company"), today issued the following statement:

Contrary to media reports, I gave no ultimatum to Gildan's board with respect to any strategy or potential acquisitions.

This is a sideshow to distract from the reaction the shareholders have had with respect to the board's handling of succession planning, in which I was not involved. I did not and could not orchestrate or control the events; the board conducted the process.

I do believe, it is essential that a leadership transition be conducted in a manner consistent with Gildan's successful track record. Preserving our talent, culture and expertise - the pillars of our success - is vital. Obviously considering shareholder engagement is integral to the decision-making process.

View original content:https://www.prnewswire.com/news-releases/statement-by-glenn-j-chamandy-302017849.html

SOURCE Glenn J. Chamandy

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