Activist investor Browning West targets CAE [Globe and Mail, The (Toronto, Canada)]
Gildan Activewear, Inc. Class A Sub. Vot. (GIL)
Last gildan activewear, inc. class a sub. vot. earnings: 4/29 04:15 pm
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Source: Globe and Mail, The
On Friday, Los Angeles-based Browning West disclosed it owns a 4.3-per-cent economic interest in CAE and asked for a formal role in succession planning for long-time CEO Marc Parent, who announced plans to retire last month. “We believe CAE must recruit a proven CEO with a verifiable track record of value creation,” said Browning West co-founders Usman Nabi and Peter M. Lee in a press release. “We urge the Board not to act hastily in its CEO search, but rather to engage with us to collectively recruit the best possible leader.” “In time, and with the right leadership, we believe the company can reclaim its status as a Canadian, Quebec-based aerospace champion,” said the Browning West executives. In November, Montreal-based CAE announced Mr. Parent will step down at the company's annual meeting in August, after 15 years at the helm and two decades at the Montreal-based company. In a press release, chair Alan MacGibbon said: “We are fortunate to benefit from the considerable lead
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News
- Activist Browning West Takes 4% CAE Stake to Sway CEO Succession [BNN Bloomberg (Canada)]BNN Bloomberg
- Activist Browning West Takes 4% CAE Stake to Sway CEO Succession [Yahoo! Finance]Yahoo! Finance
- Are Consumer Discretionary Stocks Lagging Gildan Activewear (GIL) This Year? [Yahoo! Finance]Yahoo! Finance
- Is Gildan Activewear Inc.'s (TSE:GIL) Stock's Recent Performance Being Led By Its Attractive Financial Prospects? [Yahoo! Finance]Yahoo! Finance
- Gildan Raises Over CAN$150,000 for Centraide, Supporting Efforts To Build Equitable Communities in the Greater Montreal Region [Yahoo! Finance]Yahoo! Finance
GIL
Earnings
- 10/31/24 - Beat
GIL
Sec Filings
- 12/4/24 - Form SC
- 11/25/24 - Form 6-K
- 11/21/24 - Form 6-K
- GIL's page on the SEC website