HanesBrands has appointed three new independent directors to its Board of Directors. Colin Browne, Natasha Chand and John Mehas will take on the new roles, effective immediately. With these appointments, the company’s board will temporarily expand to 13 directors before returning to 10 directors effective at the 2024 annual meeting of stockholders.
Colin Browne is an international brand executive with over 40 years of industry experience across footwear, apparel and accessories. Most recently, Browne served as Chief Operating Officer of Under Armour from January 2020 to November 2023. Prior to his time at Under Armour, Browne was the Managing Director of Asia Sourcing for V.F. Corporation.
Natasha Chand is a consumer business and technology executive with over 25 years of experience building and leading consumer brands globally. Chand is the Principal at NoBo, LLC, an advisory services firm that focuses on digitally and operationally transforming early-stage and Fortune 500 companies. Prior to joining Amazon in 2014, Chand was the Executive Vice President of Menswear at Target Australia.
John Mehas is an experienced retail leader with over 30 years of building global brands. Mehas currently serves as Chief Executive Officer of Vineyard Vines, LLC. Prior to joining Vineyard Vines, LLC, he served as the Chief Executive Officer of Victoria’s Secret Lingerie.
In connection with these appointments, HanesBrands entered into a cooperation agreement with shareholder Barington Capital Group. Pursuant to the agreement, Barington has agreed to customary standstill, voting and other provisions. In addition, Barington will provide advisory services to HanesBrands with respect to the company’s business, operations, strategic and financial matters, corporate governance and the composition of the Board. The full agreement will be filed by the Company with the US Securities and Exchange Commission as an exhibit to a Current Report on Form 8-K.
