Gildan Announces Executive Leadership Changes including CFO Transition
Gildan Activewear announced key executive leadership changes effective March 1, 2025. Chuck Ward, current President of Sales, Marketing and Distribution, will become Executive Vice President and Chief Operating Officer. Additionally, Rhodri J. Harries, EVP and Chief Financial and Administrative Officer, will retire on January 1, 2026, with Luca Barile, current CFO of Sales, Marketing and Distribution, succeeding him as EVP and CFO.
Ward, who joined Gildan in 2011 through the GoldToe Moretz acquisition, brings extensive experience in manufacturing, yarn spinning operations, and supply chain planning. Barile, who started at Gildan in 2012, has progressed through various financial roles including Financial Planning and Analysis, Internal Audit, and Enterprise Risk Management.
The transitions are part of Gildan's multi-year succession planning process, aimed at ensuring continuity in executing the company's Sustainable Growth Strategy. Harries will facilitate a 10-month transition period, maintaining his Chief Administrator Officer role until retirement.
Gildan Activewear ha annunciato importanti cambiamenti nella leadership esecutiva a partire dal 1 marzo 2025. Chuck Ward, attuale Presidente delle Vendite, Marketing e Distribuzione, diventerà Vice Presidente Esecutivo e Chief Operating Officer. Inoltre, Rhodri J. Harries, EVP e Chief Financial and Administrative Officer, andrà in pensione il 1 gennaio 2026, con Luca Barile, attuale CFO di Vendite, Marketing e Distribuzione, che lo succederà come EVP e CFO.
Ward, che è entrato in Gildan nel 2011 attraverso l'acquisizione di GoldToe Moretz, porta un'ampia esperienza nella produzione, nelle operazioni di filatura e nella pianificazione della catena di approvvigionamento. Barile, che ha iniziato in Gildan nel 2012, ha progredito attraverso vari ruoli finanziari, tra cui Pianificazione e Analisi Finanziaria, Audit Interno e Gestione del Rischio Aziendale.
Le transizioni fanno parte del processo di successione pluriennale di Gildan, volto a garantire la continuità nell'attuazione della Strategia di Crescita Sostenibile dell'azienda. Harries faciliterà un periodo di transizione di 10 mesi, mantenendo il suo ruolo di Chief Administrator Officer fino al pensionamento.
Gildan Activewear anunció cambios clave en el liderazgo ejecutivo que entrarán en vigor el 1 de marzo de 2025. Chuck Ward, actual Presidente de Ventas, Marketing y Distribución, se convertirá en Vicepresidente Ejecutivo y Director de Operaciones. Además, Rhodri J. Harries, EVP y Director Financiero y Administrativo, se retirará el 1 de enero de 2026, siendo sucedido por Luca Barile, actual CFO de Ventas, Marketing y Distribución, como EVP y CFO.
Ward, quien se unió a Gildan en 2011 a través de la adquisición de GoldToe Moretz, aporta una amplia experiencia en manufactura, operaciones de hilado y planificación de la cadena de suministro. Barile, quien comenzó en Gildan en 2012, ha progresado a través de varios roles financieros, incluyendo Planificación y Análisis Financiero, Auditoría Interna y Gestión de Riesgos Empresariales.
Las transiciones son parte del proceso de planificación de sucesión multianual de Gildan, destinado a asegurar la continuidad en la ejecución de la Estrategia de Crecimiento Sostenible de la empresa. Harries facilitará un período de transición de 10 meses, manteniendo su rol de Chief Administrator Officer hasta su jubilación.
길단 액티브웨어는 2025년 3월 1일부터 발효되는 주요 경영진 리더십 변화를 발표했습니다. 척 워드, 현재 판매, 마케팅 및 유통 담당 사장,은 부사장 및 최고 운영 책임자로 임명됩니다. 또한, 로드리 J. 해리스, EVP 및 최고 재무 및 행정 책임자는 2026년 1월 1일 은퇴하며, 루카 바릴레, 현재 판매, 마케팅 및 유통 담당 CFO가 그 뒤를 이어 EVP 및 CFO로 취임합니다.
워드는 2011년 골드토 모레츠 인수를 통해 길단에 합류했으며, 제조, 원사 방적 작업 및 공급망 계획에 대한 광범위한 경험을 보유하고 있습니다. 바릴레는 2012년 길단에 입사하여 재무 계획 및 분석, 내부 감사 및 기업 위험 관리 등 다양한 재무 역할을 거쳐 성장했습니다.
이번 전환은 길단의 다년간 후계 계획의 일환으로, 회사의 지속 가능한 성장 전략을 실행하는 데 있어 연속성을 보장하기 위한 것입니다. 해리스는 은퇴할 때까지 최고 관리자 책임자로서 10개월간의 전환 기간을 관리할 것입니다.
Gildan Activewear a annoncé des changements clés dans la direction exécutive, effectifs à partir du 1er mars 2025. Chuck Ward, président actuel des ventes, du marketing et de la distribution, deviendra vice-président exécutif et directeur des opérations. De plus, Rhodri J. Harries, EVP et directeur financier et administratif, prendra sa retraite le 1er janvier 2026, avec Luca Barile, actuel CFO des ventes, du marketing et de la distribution, qui lui succédera en tant qu'EVP et CFO.
Ward, qui a rejoint Gildan en 2011 lors de l'acquisition de GoldToe Moretz, apporte une vaste expérience dans la fabrication, les opérations de filature et la planification de la chaîne d'approvisionnement. Barile, qui a commencé chez Gildan en 2012, a progressé à travers divers rôles financiers, y compris la planification et l'analyse financières, l'audit interne et la gestion des risques d'entreprise.
Ces transitions font partie du processus de planification de succession pluriannuel de Gildan, visant à garantir la continuité dans l'exécution de la stratégie de croissance durable de l'entreprise. Harries facilitera une période de transition de 10 mois, en maintenant son rôle de Chief Administrator Officer jusqu'à sa retraite.
Gildan Activewear hat wichtige Veränderungen in der Führungsebene angekündigt, die am 1. März 2025 in Kraft treten. Chuck Ward, derzeit Präsident für Vertrieb, Marketing und Distribution, wird Vizepräsident und Chief Operating Officer. Zudem wird Rhodri J. Harries, EVP und Chief Financial and Administrative Officer, am 1. Januar 2026 in den Ruhestand gehen, wobei Luca Barile, derzeit CFO für Vertrieb, Marketing und Distribution, ihm als EVP und CFO nachfolgen wird.
Ward, der 2011 durch die Übernahme von GoldToe Moretz zu Gildan kam, bringt umfangreiche Erfahrung in der Herstellung, der Garnspinnerei und der Planung der Lieferkette mit. Barile, der 2012 bei Gildan begann, hat sich durch verschiedene Finanzpositionen gearbeitet, darunter Finanzplanung und -analyse, interne Revision und Risikomanagement.
Die Übergänge sind Teil des mehrjährigen Nachfolgeplans von Gildan, der darauf abzielt, die Kontinuität bei der Umsetzung der Unternehmensstrategie für nachhaltiges Wachstum sicherzustellen. Harries wird einen 10-monatigen Übergangszeitraum begleiten und bis zu seinem Ruhestand seine Rolle als Chief Administrator Officer beibehalten.
- Structured succession planning demonstrates strong corporate governance
- Internal promotions indicate strong talent development pipeline
- 10-month transition period ensures operational continuity
- Loss of experienced CFO Harries after 10-year tenure
- Chuck Ward, currently President, Sales, Marketing and Distribution, appointed EVP, Chief Operating Officer
- Rhodri J. Harries, EVP, Chief Financial and Administrative Officer, to retire on January 1, 2026
- Luca Barile, currently CFO, Sales, Marketing and Distribution, to succeed as EVP, Chief Financial Officer
MONTREAL, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) today announced the following executive leadership nominations and a CFO transition as part of a multi-year succession planning process, which are intended to ensure strong continuity as the Company drives forward with the Gildan Sustainable Growth Strategy:
- Chuck Ward, currently President, Sales, Marketing and Distribution, has been appointed to the newly created role of Executive Vice President, Chief Operating Officer (EVP and COO) effective March 1, 2025, and will continue to report to Glenn J. Chamandy, President and CEO. Chuck joined Gildan in 2011 through the acquisition of GoldToe Moretz, where he had served as EVP and Chief Financial Officer and initially led the integration of GoldToe into Gildan. Over the years, he has held several senior roles at Gildan, including leading our yarn spinning operations, overseeing supply chain planning, running our sales, marketing and distribution organization while gaining strong experience in manufacturing.
- Separately, and after almost 10 years in the EVP, Chief Financial and Administrative Officer role, Rhodri (Rhod) J. Harries, has informed the Board of his intention to retire on January 1, 2026. The Company announced that Luca Barile, currently CFO, Sales, Marketing and Distribution, will succeed Rhod, as EVP, Chief Financial Officer, assuming responsibilities on March 1, 2025. To facilitate a smooth transition over a full 10 months, Rhod will retain his Chief Administrator Officer role until his retirement. Luca Barile began his career as a Senior Auditor at a large accounting firm in 2008 before joining Gildan in 2012. At Gildan, Luca has held various roles in Financial Planning and Analysis, Internal Audit and Enterprise Risk Management, before being promoted to his current role in 2023 as CFO for Sales, Marketing and Distribution.
“I would like to express my deep appreciation to Rhod who has guided our financial performance through many key phases for our Company. Since 2015, he has been an invaluable partner to me, his executive peers and to his teams. He has safeguarded the Company’s solid financial position through disciplined capital allocation, contributing to the achievement of our long-term financial objectives and setting the stage for the future. Although we will still be working together through 2025, I wish him well in retirement next year and want to thank him for his significant contribution to our success” said Glenn J. Chamandy.
Glenn added “I am very pleased to welcome Chuck and Luca into their new roles, appointments that are a testament to our internal bench strength and the effectiveness of our multi-year succession planning efforts. They are both outstanding leaders who are well positioned to step into their roles as we continue to achieve our financial goals, pursue the next exciting stage in Gildan’s growth strategy and drive enhanced long-term value for our stakeholders”.
Fourth-Quarter and Full Year 2024 Results
In a separate press release issued concurrently today, Gildan announced results for fourth quarter and full year ended December 29, 2024, and initiated annual guidance for 2025. A conference call will be held at 8:30 AM ET, and details to access the conference call is available in the press release.
About Gildan
Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear and socks, sold to a broad range of customers, including wholesale distributors, screenprinters or embellishers, as well as to retailers that sell to consumers through their physical stores and/or e-commerce platforms and to global lifestyle brand companies. The Company markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, American Apparel®, Comfort Colors®, GOLDTOE®, and Peds®, and under an exclusive licensing agreement for the printwear channel for Champion®.
Gildan owns and operates vertically integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean, North America, and Bangladesh. Gildan operates with a strong commitment to industry-leading labour, environmental and governance practices throughout its supply chain in accordance with its comprehensive ESG program embedded in the Company's long-term business strategy. More information about the Company and its ESG practices and initiatives can be found at www.gildancorp.com.
| Investor inquiries: Jessy Hayem, CFA Senior Vice-President, Head of Investor Relations and Global Communications (514) 744-8511 jhayem@gildan.com | Media inquiries: Genevieve Gosselin Director, Global Communications and Corporate Marketing (514) 343-8814 communications@gildan.com |
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