Gildan CEO Tyra eyes boost to international sales ahead of proxy battle that could decide his future

chief executive Vince Tyra, fighting to win support for his leadership ahead of a crucial shareholder meeting next month, says the Canadian T-shirt maker will push further into overseas markets and strengthen its main brands as it sets up its next leg of growth.

“We have a great company today and we’re simply looking to thinking about ways to enhance it,” Mr. Tyra said in an interview, adding that Gildan has to work on driving the demand for its factory output. He promised a comprehensive strategic plan in the fall. Under his leadership, Mr. Tyra said, the company will continue to increase its dividend and buy back shares, but in line with a leverage framework of 1.5 times to two times its earnings before interest, taxes, depreciation and amortization .

is advising the special committee of Gildan’s board that will consider the proposals. Gildan gave no update on the sales process Monday.

Source: News Formal (newsformal.com)

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