Janus Henderson Sides with Gildan’s Ousted CEO in Intensifying Power Clash

In the ongoing power struggle at Gildan Activewear Inc., investment firm Janus Henderson Investors is backing the company’s former chief executive officer, Glenn Chamandy, against the board of directors..

Janus Henderson, which owns a 6.3% stake in Gildan, has filed a preliminary proxy statement with the U.S. Securities and Exchange Commission, nominating Chamandy and three other individuals to the company’s board..

The move comes after Gildan’s board removed Chamandy as CEO in November, citing a .

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