WINSTON-SALEM, N.C.--(BUSINESS WIRE)--Mar. 12, 2019--
HanesBrands (NYSE:HBI), a leading global basic apparel marketer, today
announced that its Board of Directors has approved the appointment of
Ronald L. Nelson as chairman of the board effective April 23, 2019,
contingent upon his re-election to the board at the company’s annual
shareholder meeting to be held that day.
Nelson would succeed Richard A. Noll, who is not seeking re-election to
the board and is retiring as chairman, concluding a smooth and seamless
leadership transition at the company. Noll served as chief executive
officer of the company from 2006 to 2016, as chairman of the board from
2009 to 2016, as executive chairman of the board from 2016 to 2017, and
as non-executive chairman of the board since 2018.
Nelson, 66, has served as a board director since 2008 and as lead
director since 2015. He has served on all three of the board’s
committees in his tenure, including as chairman of the Audit Committee.
He has significant public company board experience and knowledge of the
chairman role, including formerly serving as chairman of the board and
chief executive officer of Avis Budget Group, Inc.
“After careful consideration, the Board of Directors strongly feels Ron
has the leadership skills, successful public company experience, and
well-versed understanding of HanesBrands to be the ideal successor as
board chairman,” HanesBrands Chief Executive Officer Gerald W. Evans Jr.
said. “Rich is completing an inspiring leadership career at Hanes,
having led the company through the spinoff as an independent public
company and driving significant growth and profitability. We all wish
him the very best in retirement.”
HanesBrands is a socially responsible leading marketer of everyday basic
apparel under some of the world’s strongest apparel brands in the
Americas, Europe, Australia and Asia-Pacific, including Hanes, Champion,
Bonds, Maidenform, DIM, Bali, Playtex, Bras
N Things, Nur Die/Nur Der, Alternative, L’eggs, JMS/Just
My Size, Lovable, Wonderbra, Berlei, and Gear for Sports.
More information about the company and its award-winning corporate
social responsibility initiatives, including environmental, social
compliance and community improvement achievements, may be found on the
Hanes corporate website at www.Hanes.com/corporate.
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