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Hanesbrands ( (HBI) ) has issued an announcement.
On February 13, 2025, Hanesbrands Inc. announced the departure of its CEO, Stephen B. Bratspies, effective at the end of 2025. The Board has begun the search for a new CEO, and Mr. Bratspies will remain in his role until a successor is found. He will then serve as a non-executive advisor until December 31, 2025, to ensure a smooth transition. His departure is categorized as an involuntary termination without cause, entitling him to severance benefits as per his existing agreement with the company.
More about Hanesbrands
Hanesbrands Inc. operates in the apparel industry, specializing in the design, manufacture, and sale of everyday basic apparel products including underwear, activewear, and socks. The company focuses on providing high-quality, comfortable clothing items to a global market.
YTD Price Performance: -4.48%
Average Trading Volume: 5,362,919
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.7B
For a thorough assessment of HBI stock, go to TipRanks’ Stock Analysis page.
