Gerald Evans assumes CEO role at HanesBrands

HanesBrands has announced that its Board of Directors has approved a leadership succession plan, with chairman and chief executive officer Richard A. Noll narrowing his role to Executive Chairman and COO Gerald W. Evans Jr. assuming the role of Chief Executive Officer, both effective October 1, 2016.

Evans has been appointed to the company’s Board of Directors, effective immediately. With his appointment, the Hanes board has been expanded to 11 members.

“The past decade has been a phenomenal journey, and I am very proud of the amazing accomplishments of our 65,000 employees,” Noll, said, adding, “This is the perfect time to transition our leadership. Our business is healthy, our acquisitions are performing well, and we have a very bright future. I have full confidence in Gerald’s readiness, ability, and vision to drive the business to even greater heights as CEO.”

“Under Rich’s leadership, the company has increased its annual sales from four billion dollars to six billion dollars, grown EPS at a compounded rate of 20 percent per year, and quintupled shareholder value from two billion dollars to 10 billion dollars,” said the Board’s Lead Director Ronald L. Nelson.

Evans, who joined the company in 1983, has a long track record of leadership success in marketing, sales and supply chain. As chief operating officer since 2013, he has had responsibility for the day-to-day running of the six billion dollars company with direct oversight of all global commercial businesses and supply-chain operations.

picture:businesswire