Hanesbrands executive chairman to retire |
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Thu, 27 Sep 2007 14:23
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WINSTON-SALEM, N.C. (AP) - Underwear and hosiery maker Hanesbrands Inc. said Thursday Executive Chairman Lee A. Chaden will retire from the company at the end of the year, but will continue to serve as nonexecutive chairman.Chaden, who has served as executive chairman since April 2006, will step down on Dec. 29.After serving as chief executive since 2004, Chaden was named executive chairman to help prepare for Hanesbrands' Sept. 2006 spinoff as an independent public company.Chaden, 65, joined Hanesbrands in 1991 when former parent Sara Lee Corp. bought Playtex Apparel Inc., where he served as president of the company's North American business.Later Chaden served as CEO of Sara Lee's European apparel business before he was named CEO of the branded apparel division for the Americas and Asia, which was spun off as Hanesbrands.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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