HanesBrands, Winston-Salem, N.C., announced that its board of directors has approved the appointment of Ronald L. Nelson as chairman of the board, effective April 23.
Nelson succeeds Richard A. Noll, who is not seeking re-election and is retiring as chairman.
Nelson has served as a board director since 2008, lead director since 2015, and has served on all three board 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, according to the company.
“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,” says Gerald W. Evans Jr., HanesBrands chief executive officer. “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.” — D.S.
