Gildan's New Leadership Appointments Spark Excitement for Growth

Gildan Activewear Steps into a New Era of Leadership

Gildan Activewear Inc. has recently taken significant steps toward fortifying its executive team, marking an exciting chapter for the company. With the fresh appointments announced, including Chuck Ward moving to Executive Vice President and Chief Operating Officer, Gildan is setting itself up for continued success. This transition is part of a broader multi-year succession planning process, aiming to provide unwavering leadership as Gildan continues its pursuit of sustainable growth.

Changes in Executive Positions

Effective March 1, 2025, Chuck Ward, who has been integral to Gildan's operations, takes on the role of EVP and COO. His extensive background, starting with his integration of GoldToe into Gildan, has shaped him into a pivotal leader within the organization. Throughout his journey with Gildan, he has honed his expertise in areas such as yarn spinning, supply chain management, and sales—all crucial functions that will benefit from his COO perspective.

Rhodri J. Harries' Retirement

In conjunction with these developments, seasoned executive Rhodri J. Harries has decided to retire from his role as EVP, Chief Financial and Administrative Officer on January 1, 2026. His leadership has been a cornerstone for Gildan's financial strategies and operational success over the past nearly decade. To ensure a seamless transition, Harries will continue contributing as Chief Administrator Officer until his retirement date.

Luca Barile Steps Up as CFO

Taking over Rhod's position is Luca Barile, currently serving as CFO for Sales, Marketing, and Distribution. Barile's journey began as a Senior Auditor in a large accounting firm before joining Gildan in 2012. His trajectory within the company has seen him take on various roles centered around financial planning, analysis, and risk management. As Barile steps into his new role as EVP and Chief Financial Officer, effective March 1, 2025, Gildan can trust in his leadership to navigate its financial future.

Appreciating Past Contributions

Glenn J. Chamandy, President and CEO of Gildan, expressed his gratitude towards Harries for his unwavering dedication and impactful contributions. Chamandy stated that Harries played an invaluable role in maintaining the company’s solid financial foundation while executing disciplined capital allocation to meet long-term objectives. As 2025 unfolds, the Gildan team anticipates working alongside Harries until his retirement, ensuring stability during this transition phase.

Looking Ahead: The Path for Gildan

With the new appointments of Chuck Ward and Luca Barile, Gildan is poised to maintain its focus on achieving strategic financial goals and driving long-term value for its stakeholders. This leadership evolution signals a commitment to leveraging internal talent, wherein the company proudly recognizes its strong internal capabilities to fill critical positions within its ranks.

Quarterly Performance Insights

Alongside the leadership changes, Gildan has announced its fourth-quarter and full-year results for 2024, alongside its annual guidance for 2025. Engaging stakeholders, Gildan is set to discuss these details during a conference call scheduled for 8:30 AM ET, emphasizing transparency and collaboration with its investors.

Gildan’s Commitment to Sustainability

As a leader in the apparel manufacturing sector, Gildan prides itself on offering everyday basic clothing that balances quality with sustainable practices. The company's diverse range includes activewear, underwear, and socks. They serve a broad customer base, including wholesalers, retailers, and global lifestyle brands. Gildan’s dedication to social responsibility is further underscored by its compliance with rigorous labour and environmental standards, helping the company build a solid reputation globally.

Investor and Media Inquiries

For those looking to connect with Gildan's investor relations, Jessy Hayem serves as the Senior Vice-President and can be reached at (514) 744-8511 or via email. Furthermore, media inquiries can be directed to Genevieve Gosselin, Director of Global Communications, at (514) 343-8814.

Frequently Asked Questions

What are the key leadership changes announced by Gildan?

Gildan has announced Chuck Ward as EVP and COO, and Luca Barile will succeed Rhodri J. Harries as CFO, effective March 1, 2025.

What is Rhodri J. Harries' role at Gildan?

Rhodri J. Harries has been serving as EVP, Chief Financial and Administrative Officer and will retire on January 1, 2026.

What is Gildan's commitment to sustainability?

Gildan focused on sustainability, ensuring compliance with rigorous labour and environmental standards in its manufacturing operations.

Where does Gildan operate its manufacturing facilities?

Gildan's large-scale manufacturing facilities are located primarily in Central America, the Caribbean, North America, and Bangladesh.

How can I contact Gildan for investor inquiries?

Investor inquiries can be directed to Jessy Hayem at (514) 744-8511 or via email.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

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