Gildan's Executive Leadership Changes: A Strategic Move for Sustainable Growth

Gildan Activewear Inc. (GIL: TSX and NYSE) has announced key executive leadership changes, including a CFO transition, as part of its multi-year succession planning process. These changes, effective March 1, 2025, aim to ensure strong continuity as the company drives forward with its Gildan Sustainable Growth Strategy. Let's dive into the details and explore how these changes align with Gildan's long-term growth strategy and succession planning.



Chuck Ward, the current President of Sales, Marketing, and Distribution, will become Executive Vice President and Chief Operating Officer (EVP and COO). Ward brings extensive experience in manufacturing, yarn spinning operations, and supply chain planning, having joined Gildan in 2011 through the acquisition of GoldToe Moretz. His diverse background and deep understanding of Gildan's operations make him an ideal candidate for this role. As COO, Ward will oversee the company's day-to-day operations, ensuring the efficient and cost-effective delivery of high-quality products.

Separately, Rhodri J. Harries, the current EVP, Chief Financial and Administrative Officer, will retire on January 1, 2026. Luca Barile, the current CFO of Sales, Marketing, and Distribution, will succeed Harries as EVP and CFO, assuming responsibilities on March 1, 2025. To facilitate a smooth transition, Harries will retain his Chief Administrative Officer role until his retirement. Barile's experience in various financial roles, including Financial Planning and Analysis, Internal Audit, and Enterprise Risk Management, positions him well to take on the EVP and CFO role. His financial acumen and understanding of Gildan's financial landscape will be crucial in guiding the company's financial strategy and achieving its long-term financial objectives.