Fresh from an executive position at Walmart, Inc. (NYSE: WMT), Stephen Bratspies has been appointed as the new CEO of HanesBrands (NYSE: HBI). Bratspies will take up his new role at the activewear and underwear company on Aug. 3. Its current CEO, Gerald Evans, will remain in his current post until then, after which he will retain an advisory function at HanesBrands "through 2021."
During Bratspies' time at Walmart as Chief Merchandising Officer, he helped the company win larger market share and improve its comparable store sales, according to the press release. At various times, he worked in the retail giant's food, general merchandise, and marketing departments, eventually managing $330 billion in sales.
Image source: HanesBrands.
Source Fool.com