Hanes CEO retires
17/03/2020
HanesBrands CEO Gerald W Evens Jr will retire at the end this year. The company’s board of directors is now looking for a successor.
Mr Evans joined Hanes in 1983 and was appointed CEO in 2016. Under his leadership, according to a statement, the company has had quarterly organic sales growth for more than two years, increased annual revenue to nearly $7 billion, and has generated a record $2.1 billion in cumulative operating cash flow over the past three years.
He is said to have guided the rapid growth of the company’s international commercial operations and he oversaw the doubling of global sportswear brand Champion annual sales to nearly $2 billion.
“Gerald has been an invaluable member of the Hanes team during his 36 years of dedicated service,” said Ronald L. Nelson, chairman of the Hanes board of directors. “Under his leadership, the company has expanded its geographic footprint, broadened its portfolio of premium brand offerings, and pioneered product, process and supply chain innovation.” Mr Nelson also thanked Mr Evans for staying on to the year’s end to ensure a smooth transition of leadership.
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