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HanesBrands names Michael Dastugue Chief Financial Officer

By Pavankumar on Apr 29, 2021 | 03:39 AM IST

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HanesBrands (NYSE: HBI), a leading global marketer of branded everyday apparel, today announced thatMichael Dastugue has been named chief financial officer, effective May 1, 2021.

Dastugue will bring more than 30 years of financial leadership andtransformation experience at large organizations to the company. He has an extensive background in financial planning and analysis, corporate strategy, accounting, tax and external reporting.

“Michael has an impressive record of delivering results and building capabilities,” said Steve Bratspies, HanesBrands CEO. “He has been adriving force in large-scale change programs and in positioning companies for long-term growth. Michael is an outstanding leader with a strategic mindset, and I look forward to partnering with him as we unlock our Full Potential.”

Most recently, Dastugue was executive vice president and chief financial officer at Walmart[WMT] U.S., where he led financial activities at the company’s$370 billion U.S. segment. Dastugue played a key role in Walmart’s transformation, helping drive improved profitability and productivity across the organization. Prior to that, Dastugue served as executive vice president and chieffinancial officer at Sam’s Club, Walmart’s $57 billion club division. Before joining Walmart in 2013, Dastugue was chief financial officer at J.C. Penney, where he held a number of financial and real estate leadership roles during 20years.

“HanesBrands has a strong foundation and is executing an aggressive strategic plan,” Dastugue said. “I look forward to joining thenew leadership team, driving the growth agenda and helping the company reach its Full Potential.”

Dastugue holds a bachelor’s degree from TexasA&M University and an MBA from the University of Texas.

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