Gildan Activewear Management
Management criteria checks 2/4
Gildan Activewear's CEO is Glenn Chamandy, appointed in May 2024, has a tenure of less than a year. total yearly compensation is $10.31M, comprised of 11.4% salary and 88.6% bonuses, including company stock and options. directly owns 0.49% of the company’s shares, worth CA$49.16M. The average tenure of the management team and the board of directors is 3.5 years and 0.3 years respectively.
Key information
Glenn Chamandy
Chief executive officer
US$10.3m
Total compensation
| CEO salary percentage | 11.4% |
| CEO tenure | less than a year |
| CEO ownership | 0.5% |
| Management average tenure | 3.5yrs |
| Board average tenure | less than a year |
Recent management updates
Recent updates
Is Gildan Activewear Inc. (TSE:GIL) Trading At A 41% Discount?
Aug 27
Is Now The Time To Look At Buying Gildan Activewear Inc. (TSE:GIL)?
Jun 04Do Gildan Activewear's (TSE:GIL) Earnings Warrant Your Attention?
May 22These 4 Measures Indicate That Gildan Activewear (TSE:GIL) Is Using Debt Reasonably Well
May 05Gildan Activewear Inc.'s (TSE:GIL) Intrinsic Value Is Potentially 46% Above Its Share Price
Apr 23Why Investors Shouldn't Be Surprised By Gildan Activewear Inc.'s (TSE:GIL) Low P/E
Mar 12We Like These Underlying Return On Capital Trends At Gildan Activewear (TSE:GIL)
Feb 15Is There Now An Opportunity In Gildan Activewear Inc. (TSE:GIL)?
Jan 31Gildan Activewear Inc.'s (TSE:GIL) Intrinsic Value Is Potentially 63% Above Its Share Price
Dec 11Here's Why Gildan Activewear (TSE:GIL) Can Manage Its Debt Responsibly
Nov 28Gildan Activewear (TSE:GIL) Is Looking To Continue Growing Its Returns On Capital
Nov 13What Is Gildan Activewear Inc.'s (TSE:GIL) Share Price Doing?
Sep 19Gildan Activewear Inc.'s (TSE:GIL) Intrinsic Value Is Potentially 80% Above Its Share Price
Sep 03We Think Gildan Activewear (TSE:GIL) Can Stay On Top Of Its Debt
Aug 16CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | US$418m |
| Mar 31 2024 | n/a | n/a | US$515m |
| Dec 31 2023 | US$10m | US$1m | US$534m |
| Oct 01 2023 | n/a | n/a | US$464m |
| Jul 02 2023 | n/a | n/a | US$490m |
| Apr 02 2023 | n/a | n/a | US$493m |
| Jan 01 2023 | US$10m | US$1m | US$542m |
| Oct 02 2022 | n/a | n/a | US$632m |
| Jul 03 2022 | n/a | n/a | US$667m |
| Apr 03 2022 | n/a | n/a | US$655m |
| Jan 02 2022 | US$12m | US$1m | US$607m |
| Oct 03 2021 | n/a | n/a | US$501m |
| Jul 04 2021 | n/a | n/a | US$369m |
| Apr 04 2021 | n/a | n/a | -US$27m |
| Jan 03 2021 | US$17m | US$1m | -US$225m |
| Sep 27 2020 | n/a | n/a | -US$260m |
| Jun 28 2020 | n/a | n/a | -US$212m |
| Mar 29 2020 | n/a | n/a | US$138m |
| Dec 29 2019 | US$7m | US$1m | US$260m |
| Sep 29 2019 | n/a | n/a | US$287m |
| Jun 30 2019 | n/a | n/a | US$296m |
| Mar 31 2019 | n/a | n/a | US$306m |
| Dec 30 2018 | US$8m | US$1m | US$351m |
| Sep 30 2018 | n/a | n/a | US$346m |
| Jul 01 2018 | n/a | n/a | US$348m |
| Apr 01 2018 | n/a | n/a | US$347m |
| Dec 31 2017 | US$8m | US$1m | US$362m |
Compensation vs Market: Glenn's total compensation ($USD10.31M) is above average for companies of similar size in the Canadian market ($USD4.37M).
Compensation vs Earnings: Glenn's compensation has been consistent with company performance over the past year.
CEO
Glenn Chamandy (63 yo)
less than a year
Tenure
US$10,305,629
Compensation
Mr. Glenn J. Chamandy Founded Gildan Activewear Inc. and serves as its President & CEO since May 24, 2024 and also serves as Director since May 2024 and had been its Chief Executive Officer and President s...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$10.31m | 0.49% $ 49.2m | |
| Executive VP and Chief Financial & Administrative Officer | 9.1yrs | US$3.30m | 0.20% $ 19.6m | |
| President of Sales | 3.5yrs | US$2.60m | 0.028% $ 2.8m | |
| President of Manufacturing | 19.7yrs | US$2.62m | 0.20% $ 19.6m | |
| Chief Information Officer | no data | no data | 0.010% $ 1.0m | |
| Head of Investor Relation | no data | no data | no data | |
| VP, General Counsel & Corporate Secretary | 2.9yrs | no data | no data | |
| Director of Corporate Communications & Corporate Marketing | no data | no data | no data | |
| Senior Vice President of Taxation | no data | no data | 0.015% $ 1.5m | |
| Director of Investor Communications | no data | no data | no data |
3.5yrs
Average Tenure
61.5yo
Average Age
Experienced Management: GIL's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$10.31m | 0.49% $ 49.2m | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | less than a year | no data | no data | |
| Director | less than a year | no data | no data | |
| Independent Director | less than a year | no data | no data | |
| Director | less than a year | no data | 0.0059% $ 591.2k | |
| Director | less than a year | no data | no data | |
| Director | less than a year | no data | no data | |
| Director | less than a year | no data | 0.0015% $ 151.5k | |
| Independent Director | less than a year | no data | no data | |
| Director | less than a year | no data | no data | |
| Non-Executive Chair | less than a year | no data | 0.0054% $ 539.3k |
0.3yrs
Average Tenure
62yo
Average Age
Experienced Board: GIL's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.