Leadership changes at HanesBrands

15 Mar '19

2 min read

Pic: Champion/HanesBrands

HanesBrands has announced that its board of directors has approved the appointment of Ronald L Nelson as the board chairman effective April 23. The appointment is contingent upon his re-election to the board at the company’s annual shareholder meeting to be held on that day. Nelson would succeed Richard A Noll, who is not seeking re-election to the board.

Noll is retiring as chairman, concluding a smooth and seamless leadership transition at the company. He has served as the 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. "Noll 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." (RR)

Fibre2Fashion News Desk – India

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