12:32 PM EDT, 05/28/2024 (MT Newswires) -- Gildan Activewear ( GIL ) shareholders on Tuesday elected newly returned chief executive Glenn Chamandy to its board alongside a slate of candidates put forward by activist investors, reports Canadian Press.

Chamandy took over the running of the company last week after being ousted from the job last year. He told reporters in Montreal on Tuesday that Gildan's conduct over the past several months showed "poor judgement," and was stressful for him, his family and employees at the company, the news agency reported.

Leading proxy firms Institutional Shareholder Services, Glass Lewis and Egan Jones had all recommended Browning West's group of candidates be elected.

Gildan shares were last seen down $0.26 to $51.56 on the Toronto Stock Exchange.

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Price: 51.56, Change: -0.26, Percent Change: -0.50