The Board of Directors of Gildan Activewear Inc. announced that Vince Tyra will assume the role of President on January 15, 2024. At the Board?s request, Mr. Tyra has made himself available to move the start date from February 12 to respond to requests to engage early with key stakeholders and bring needed stability and leadership to the Company as it embarks on its next chapter of success. Few people have had the opportunity to demonstrate their leadership skills across such an impressive range of industries and managerial challenges as Vince.

And while the experiences vary, the throughline of his career is using his financial acumen, sound management and ability to build teams and motivate people around a shared strategy and vision to improve the companies and organizations he has led. Vince has had a stellar career. He invested in and grew his own activewear business in his twenties utilizing Gildan as a key supplier.

Based on that early success, he then joined Fruit of the Loom where the Board of Directors promoted him to president in the company?s darkest hour to develop and implement a restructuring plan that put Fruit of the Loom back on sound financial footing ahead of its eventual sale to Berkshire Hathaway. Bain Capital noticed Vince?s turnaround work at Fruit of the Loom and hired him to be CEO of Broder Bros., a leading apparel distributor, successfully following in the founder?s footsteps. In his six years as CEO of Broder, Vince tripled revenue and made it an industry leader.

Bain Capital later introduced Vince to Southfield Capital, where he went on to a successful career in private equity. Vince has served on the Board of Directors at 10 companies and stepped in as interim CEO at three to help each move toward successful financial exits. Yoo Jin Kim was a Principal at Bain Capital when Mr. Tyra was CEO of then Bain-owned Broder Bros.

Mr. Kim later introduced Mr. Tyra to the founder of Southfield Capital. In 2017, Vince took on perhaps the most challenging turnaround of his career, fixing the scandal-plagued Athletics Program at the NCAA powerhouse University of Louisville. Under his leadership, Vince established a new culture of excellence and compliance while rebuilding the sports program.

He led decisively to replace coaches, negotiate the stadium naming rights, set new fundraising records, oversee the highest graduation rate, stabilize the department?s finances and establish a respected Leadership Development Program at the Business School that has trained hundreds of senior executives. J. David Grissom, the former Vice Chairman of PNC Financial, was Chairman of the Board of Trustees at the University of Louisville when the Board hired Vince: Most recently, Vince led corporate strategy for Houchens Industries, a $4 billion revenue employee-owned holding company. Dion Houchins is the CEO and Chairman of Houchens The Board welcomes Vince to Montreal and looks forward to working with him as he builds on Gildan?s strong foundation and positions the Company for continued success in the future.