Gildan Activewear Announces Resignation of New CFO

MONTREAL, QUEBEC--(Marketwired - Feb. 17, 2015) - Gildan Activewear Inc. GILGIL today announced that James Kehoe, who joined the Company as Executive Vice-President, Chief Financial and Administrative Officer ("EVP, CFO and CAO") in January, has resigned effective immediately to join Kraft Foods Group, Inc. ("Kraft") as EVP, CFO. The opportunity at Kraft arose as a result of organizational changes announced by Kraft last week.

Mr. Kehoe has held senior roles in finance and operations over the course of an approximate 25-year career at Kraft.

Mr. Kehoe commented: "I am impressed with the professionalism of Gildan's finance team and remain convinced of the strategic growth opportunities in front of Gildan. However, while the timing of this change is not ideal, the opportunity with Kraft is something I could not pass up given my extensive history with the company and its people."

Laurence G. Sellyn, who held the position of EVP, CFO and CAO of Gildan prior to Mr. Kehoe's appointment, will resume his former responsibilities while the Company resumes its search to find his successor.

About Gildan

Gildan is a leading supplier of quality branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. The Company sells its products under a diversified portfolio of company-owned brands, including the Gildan(R), Gold Toe(R) and Anvil(R) brands and brand extensions, as well as the Secret(R), Silks(R) and Therapy Plus(TM) brands. The Company also has the U.S. sock license for Under Armour(R), and licenses for Mossy Oak(R) and New Balance(R) brands. The Company distributes its products in printwear markets in the U.S. and Canada, as well as in Europe, Asia Pacific and Latin America. The Company also markets its products to a broad spectrum of retailers in the U.S. and Canada. The Company also manufactures for select leading global athletic and lifestyle consumer brands.

Gildan owns and operates vertically-integrated, large-scale manufacturing facilities which are primarily located in Central America and the Caribbean Basin to efficiently service the quick replenishment needs of its customers in the printwear and retail markets. Gildan has over 43,000 employees worldwide and is committed to industry-leading labour and environmental practices in all of its facilities. More information about the Company and its corporate citizenship practices and initiatives can be found at its corporate websites www.gildan.com and www.genuinegildan.com, respectively.

FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations
Sophie Argiriou,
Vice-President,
Investor Communications
(514) 343-8815
sargiriou@gildan.com


Media Relations
Anik Trudel,
Vice-President,
Corporate Communications
(514) 340-8919
atrudel@gildan.com