Hanesbrands' CEO Steps Down To Focus On Role As Chairman

By Tomi KilgoreMarketsMarketWatch Pulse

Hanesbrands Inc. said Chief Executive Richard Noll will step down as CEO, effective Oct. 1, to focus on his role as chairman of the board. The apparel and underwear maker elected Chief Operating Officer Gerald Evans as its CEO. Separately, the company said it expanded the size of its board of directors to 11 members. The stock, which was still inactive in premarket trade, has lost 8.7% year to date, while the S&P 500 has gained 2.6%.

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