Gildan Battle Heats Up as Ousted CEO, Shareholder Fire Back (2)

Gildan Activewear Inc.’s ousted chief executive officer fired back at the board over its recent letter questioning his leadership, saying he took offense at the action and blasting directors for disclosing the clothing company’s confidential plans.

“The board’s self-serving motives, designed to distract from its own recklessness, have led them to lose sight of what is truly important — the best interests of the company,” former CEO Glenn Chamandy said in a letter Tuesday.

After two decades at the helm of the Montreal-based manufacturer, which owns the American Apparel brand, Chamandy was removed on Dec. 10 and replaced by former ...