HanesBrands Names Interim Chief Financial Officer
January 14 2020 - 8:25AM
Business Wire
HanesBrands (NYSE:HBI) announced today that current Chief
Accounting Officer and Controller M. Scott Lewis will serve as
interim chief financial officer, effective Jan. 9, 2020. Executive
recruiting specialist Crist|Kolder Associates is assisting the
company in the ongoing comprehensive search to fill the previously
announced CFO vacancy.
Lewis, 49, has served as chief accounting officer and controller
since May 2015. He has held positions of increasing responsibility
leading the accounting, reporting and tax functions since joining
the company in 2006 from accounting, audit and tax consulting firm
KPMG. Lewis is a certified public accountant and has expertise in
public company auditing, merger and acquisition transactions, and
Securities and Exchange Commission accounting and reporting
requirements.
“We have a very strong global finance organization,” said Hanes
Chief Executive Officer Gerald W. Evans Jr. “Scott is an
accomplished finance professional well versed with our company and
strategies. He will provide essential leadership during this
transition.”
In its CFO search, HanesBrands is considering both internal and
external candidates with significant experience and accomplishments
in global strategy, finance, capital management, and operations
support. Crist|Kolder Associates specializes in corporate executive
leadership searches, assessments and recruiting. The firm has
successfully assisted in the CFO searches for some of the largest
U.S.-based public companies.
HanesBrands is a socially responsible leading marketer of
everyday basic innerwear and activewear apparel in the Americas,
Europe, Australia and Asia-Pacific under some of the world’s
strongest apparel brands, including Hanes, Champion, Bonds,
Maidenform, DIM, Bali, Playtex, Bras N Things, Nur Die/Nur Der,
Alternative, L’eggs, JMS/Just My Size, Lovable, Wonderbra, Berlei,
and Gear for Sports. More information may be found at
www.Hanes.com/corporate.
Cautionary Statement Concerning Forward-Looking
Statements
This press release contains certain forward-looking statements,
as defined under U.S. federal securities laws, with respect to our
long-term goals and trends associated with our business, as well as
guidance as to future performance. These forward-looking statements
are based on our current intent, beliefs, plans and expectations.
Readers are cautioned not to place any undue reliance on any
forward-looking statements. Forward-looking statements necessarily
involve risks and uncertainties, many of which are outside of our
control, that could cause actual results to differ materially from
such statements and from our historical results and experience.
These risks and uncertainties include such things as: the highly
competitive and evolving nature of the industry in which we
compete; the rapidly changing retail environment; any inadequacy,
interruption, integration failure or security failure with respect
to our information technology; the impact of significant
fluctuations and volatility in various input costs, such as cotton
and oil-related materials, utilities, freight and wages; our
ability to properly manage strategic projects in order to achieve
the desired results; our ability to attract and retain a senior
management team with the core competencies needed to support growth
in global markets; significant fluctuations in foreign exchange
rates; our reliance on a relatively small number of customers for a
significant portion of our sales; legal, regulatory, political and
economic risks related to our international operations; our ability
to realize all of the anticipated benefits of acquisitions; and
other risks identified from time to time in our most recent
Securities and Exchange Commission reports, including our annual
report on Form 10-K and quarterly reports on Form 10-Q. Since it is
not possible to predict or identify all of the risks, uncertainties
and other factors that may affect future results, the above list
should not be considered a complete list. Any forward-looking
statement speaks only as of the date on which such statement is
made, and HanesBrands undertakes no obligation to update or revise
any forward-looking statement, whether as a result of new
information, future events or otherwise, other than as required by
law.
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