Hanesbrands names Ronald L. Nelson as new board chairman
Mar 13, 2019
Apparel company Hanesbrands has announced Ronald L. Nelson as its new chairman of the board, effective April 23, 2019. Nelson has served as a member of the board since July of 2008, and as lead director since January of 2015.
Hanesbrands said the appointment is contingent upon Nelson's re-election to the board of directors at the company's annual shareholder meeting, also scheduled for April 23.
During his time with the company, Nelson has served on all three of the board’s committees, including as chairman of the audit committee. His previous experience includes serving as chairman of the board and chief executive officer of Avis Budget Group, Inc., a car rental company.
In his new role, Nelson will succeed Richard A. Noll, who is not seeking re-election to the board and is retiring as chairman. 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 has been non-executive chairman of the board since 2018.
“The board of directors strongly feels [Nelson] has the leadership skills, successful public company experience, and well-versed understanding of Hanesbrands to be the ideal successor as board chairman,” said Hanesbrands CEO Gerald W. Evans Jr.
Hanesbrands currently markets everyday basic apparel throughout the Americas, Europe, Australia and Asia-Pacific. Brands in its portfolio include Hanes, Champion, Bonds, Maidenform and Wonderbra.
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