Gildan’s New CEO Responds to Activist Trying to Oust Him (2)

Fighting an activist shareholder’s push to oust him, Gildan Activewear Inc.Chief Executive Officer Vince Tyra said he’ll boost the clothing manufacturer’s profit with a credible plan that includes reviving the American Apparel brand and expanding deeper into overseas markets.

Tyra was appointed in December after the board dismissed longtime CEO Glenn Chamandy following a disagreement over Gildan’s direction. Since then, investment manager Browning West LP has led a campaign to replace the majority of the board, dump Tyra and reinstate Chamandy — a plan that shareholders owning about a third of the stock have publicly supported.

Vince Tyra

Photographer: Michael Allio/Icon Sportswire/Icon Sportswire/Getty Images

On Monday, ...