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 0.52% of the company’s shares, worth €36.13M. The average tenure of the management team and the board of directors is 3.8 years and 0.6 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 | 3.8yrs |
| Board average tenure | less than a year |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 29 2024 | n/a | n/a | US$422m |
| 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 German market ($USD3.34M).
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 serves as Chairman & CEO at B.R.K Capital Inc. He Founded Gildan Activewear Inc. and serves as its President & CEO since May 24, 2024 and also serves as Director since May 2024 and ha...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$10.31m | 0.52% € 36.1m | |
| Executive VP and Chief Financial & Administrative Officer | 9.3yrs | US$3.30m | 0.21% € 14.5m | |
| President of Sales | 3.8yrs | US$2.60m | 0.032% € 2.2m | |
| President of Manufacturing | 19.9yrs | US$2.62m | 0.21% € 14.2m | |
| Chief Information Officer | no data | no data | 0.0027% € 186.4k | |
| Head of Investor Relation | no data | no data | 0.000060% € 4.1k | |
| VP, General Counsel & Corporate Secretary | 3.2yrs | 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% € 0 | |
| Director of Investor Communications | no data | no data | no data |
3.8yrs
Average Tenure
61.5yo
Average Age
Experienced Management: VGA's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | US$10.31m | 0.52% € 36.1m | |
| 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 | 0.0063% € 431.5k | |
| 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 | 0.0029% € 200.9k | |
| 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 | 0.0057% € 393.5k |
0.6yrs
Average Tenure
62yo
Average Age
Experienced Board: VGA's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 12:12 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/29 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Gildan Activewear Inc. is covered by 36 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harriet Li | Accountability Research Corporation |
| Ishan Majumdar | Baptista Research |
| Stephen MacLeod | BMO Capital Markets Equity Research |