HanesBrands, the leading U.S. apparel firm, has announced the appointment of William Simon as Chairman of the Board, effective December 31, following Ronald Nelson’s decision to retire. William Simon, a director since 2021, brings extensive leadership skills, having served on crucial committees and held prominent roles in renowned organizations such as Walmart U.S.
The board restructuring also includes the retirement of Cheryl Beebe and Ann Ziegler, aligning with the company’s strategy to return the board to 10 members. This follows the recent addition of three independent directors: Colin Browne, Natasha Chand, and John Mehas, signaling HanesBrands’ commitment to adaptability and strategic growth.
Steve Bratspies, CEO and Director of HanesBrands, acknowledges the significant contributions of outgoing members and anticipates working with William Simon to accelerate strategic initiatives. The recent trading update highlighted a 9.5% contraction in third-quarter sales, emphasizing the need for robust leadership. As HanesBrands navigates challenges and capitalizes on growth prospects, William Simon’s role as Chairman is poised to steer the company toward continued success.
