HanesBrands has strengthened its board by appointing three new independent directors – Colin Browne, Natasha Chand, and John Mehas. This move is effective immediately and aims to bring a fresh perspective to the company’s operations and strategic initiatives.
Ronald L. Nelson, the chairman of HanesBrands’ board, expressed enthusiasm for the wealth of experience the new members bring in retail, consumer brands, and operations.
In tandem with these appointments, HanesBrands announced a cooperation agreement with shareholder Barington Capital Group. Barrington will offer advisory services on various aspects, including business operations, strategy, financial matters, and board composition. James A. Mitarotonda, CEO of Barrington, believes this reconstituted board is well-positioned to drive shareholder value.
Colin Browne, with over 40 years in the industry, brings extensive experience from his tenure at Under Armour, V.F. Corporation, and other leading organizations. Natasha Chand, principal at NoBo and former global CEO of Amazon’s Softlines Private Brands, has a background with companies like Levi Strauss & Co. and McKinsey & Company. John Mehas, currently the CEO of Vineyard Vines, has held significant positions at Victoria’s Secret Lingerie, Tory Burch, Club Monaco, and Polo Ralph Lauren Corporation.
These appointments reflect HanesBrands’ commitment to enhancing its leadership and strategic direction, positioning the company for improved performance and value creation. The new directors’ diverse experiences in prominent retail and apparel companies are expected to significantly contribute to HanesBrands’ future endeavors and success.