The Globe and Mail reports in its Friday, Dec. 15, edition that two of Gildan Activewear's long-time shareholders are demanding the Canadian clothing maker reinstate its founder and chief executive officer Glenn Chamandy, saying the company botched its CEO succession. The Globe's Nicolas Van Praet writes that the Los Angeles-based hedge fund Browning West and Toronto-based investment management firm Turtle Creek Asset Management have written letters to Gildan's board urging the company to immediately reappoint Mr. Chamandy. Browning holds a about 4-per-cent interest in Gildan while Turtle Creek has approximately 3.3-per-cent position, according to a regulatory filing last September. Gildan spokesman Genevieve Gosselin did not immediately respond to a request for comment Thursday. T-shirt and sock maker Gildan shocked the market Monday when it said that it had dismissed Mr. Chamandy after a 40-year tenure at the company, the last 20 of which have been as CEO, and named former Fruit of the Loom executive Vince Tyra as his replacement. In an interview Monday, Gildan chairman Donald Berg said there was a disagreement with Mr. Chamandy over the timing of a leadership handover.