HanesBrands announced that its Board of Directors has appointed William S. Simon to serve as Chairman of the Board, effective December 31, 2023. His appointment follows Ronald L. Nelson?s decision to retire as Chairman and a member of the Board at the end of the year. Mr. Simon has been a director at the Company since 2021 and has previously served on the Talent and Compensation Committee and the Governance and Nominating Committee.

He is Executive Advisor to the KKR & Co. investment firm and President of WSS Venture Holdings, LLC, a consulting and investment company, after having served as President and CEO of Walmart U.S., and brings extensive senior leadership skills and deep experience as a public company director at other consumer-facing companies. Cheryl K. Beebe and Ann E. Ziegler will also retire as members of the Board on December 31, 2023.

These changes follow the appointment of three new independent directors, Colin Browne, Natasha Chand and John Mehas, last month and align with the Company?s previously announced intent to return the Board to 10 members. At the time of their resignations, Mr. Nelson served as Chairman of the Board and as a member of the Talent and Compensation Committee; Ms. Beebe served as a member of the Audit Committee; and Ms. Ziegler served as Chair of the Talent and Compensation Committee. In connection with the resignations of Mr. Nelson, Ms. Beebe and Ms. Ziegler, the Board determined to decrease the number of members of the Board from 13 to 10, effective as of the Effective Date.

Audit Committee: Robert F. Moran (Chair); Geralyn R. Breig; Colin Browne; Franck J. Moison. Talent and Compensation Committee: James C. Johnson (Chair); John Mehas; Frank J. Moison; Robert F. Moran; Natasha Chand. Governance and Nominating Committee: Geralyn R. Breig (Chair); Natasha Chand; Mark A. Irvin; James C. Johnson.