Fruit of the Loom CEO dies at age 68

Markets Associated Press

Fruit of the Loom Inc. says Rick Medlin, its president and CEO for the past six years, has died. He was 68.

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The company announced in a statement that Medlin died Sunday of natural causes at his home in South Carolina. He had led the Bowling Green, Kentucky-based Fruit of the Loom since August 2010. The company has locations in 17 countries around the world and employs nearly 30,000 workers.

The statement called Medlin a "sincere and principled leader" who was proud of the company's progress over the last six years.

Fruit of the Loom Inc. is a Berkshire Hathaway company that designs and manufactures family apparel, underwear, and athletic apparel and equipment.

The company says it will name an interim CEO soon.