HanesBrands Announces that Jon Ram, President of Global Activewear, is Departing for Another Opportunity to be Closer to his Family

Rhea-AI Summary

HanesBrands (NYSE: HBI) announced the departure of Jon Ram, president of Global Activewear, effective March 31, for another opportunity closer to his family. The company is initiating both internal and external searches for Ram's successor. CEO Steve Bratspies acknowledged Ram's contributions to the growth of the Champion brand since 2018 and expressed confidence in the team's capacity to continue executing their Full Potential plan. HanesBrands remains committed to unlocking growth and furthering its sustainability goals as it employs 59,000 associates globally.

Positive

• Strong growth trajectory in Champion brand since 2018.
• CEO expresses confidence in team to continue executing Full Potential plan.

Negative

• Departure of key executive may disrupt ongoing business strategies.

WINSTON-SALEM, N.C.--(BUSINESS WIRE)-- HanesBrands (NYSE: HBI), a global leader in iconic apparel brands, today announced that Jon Ram, president of Global Activewear, is departing HBI for a role at another company to be closer to his family, effective March 31.

HanesBrands is conducting an internal and external search for a successor.

“I want to thank Jon for everything he has done to build our global Champion business since joining the company in 2018, and I wish him all the best in his new role,” said Steve Bratspies, CEO of HanesBrands. “Jon has helped get us off to a strong start in growing Champion as part of our Full Potential plan. We have an outstanding team in place, and I am confident that we will continue to deliver strong growth in this iconic brand as we execute our plan and reach our Full Potential targets.”

HanesBrands

HanesBrands (NYSE: HBI) makes everyday apparel that is known and loved by consumers around the world for comfort, quality and value. Among the company’s iconic brands are Hanes, the leading basic apparel brand in the United States; Champion, an innovator at the intersection of lifestyle and athletic apparel; and Bonds, which is setting new standards for design and sustainability. HBI employs 59,000 associates in 33 countries and has built a strong reputation for workplace quality and ethical business practices. The company, a longtime leader in sustainability, has set aggressive 2030 goals to improve the lives of people, protect the planet and produce sustainable products. HBI is building on its unmatched strengths to unlock its #FullPotential and deliver long-term growth that benefits all of its stakeholders.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220315005784/en/

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Source: HanesBrands

FAQ

Who is Jon Ram and why is he leaving HanesBrands?

Jon Ram, the president of Global Activewear at HanesBrands, is leaving for another role closer to his family, effective March 31.

What impact does Jon Ram's departure have on HBI?

His departure could disrupt ongoing business strategies, but the company is confident in its team to continue growth.

What is HanesBrands' outlook following Jon Ram's departure?

HanesBrands remains optimistic about achieving growth through its Full Potential plan despite the leadership change.

What brands are under HanesBrands?

HanesBrands includes iconic brands such as Hanes, Champion, and Bonds.

What are HanesBrands' sustainability goals?

HanesBrands has set aggressive 2030 goals to improve lives, protect the planet, and produce sustainable products.