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Stock awards boost 2020 compensation for Hanesbrands' first-year CEO

Hanesbrands chief executive Stephen Bratspies, who took over his new duties on Aug. 3, received $4.83 million in total compensation for fiscal 2020.
Contributed
The fiscal 2020 compensation for Hanesbrands Inc.âs chief executive Stephen Bratspies was heavily tilted â as expected â toward stock and stock options awards, the company said in a regulatory filing Tuesday.
Bratspiesâ total compensation was $4.83 million.
Hanesbrands is the lone publicly traded corporation with headquarters in Winston-Salem, as well as the cityâs only Fortune 500 company. The manufacturer has about 2,500 employees in Forsyth County.
Bratspies took over as chief executive on Aug. 3 already eligible for more than $2.8 million in equity awards. The company said the equity awards were granted âto induce Bratspies to commence employmentâ on his starting date. ....

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HanesBrands taps new group president for global innerwear

Apparel maker HanesBrands has named Joe Cavaliere to the newly created role of group president, global innerwear.
The move comes as Howard Upchurch, group president, innerwear Americas, is to retire after 34 years with the company.
HanesBrands produces T-shirts, bras, panties, shapewear, underwear, socks, hosiery and activewear in its low-cost global supply chain.
Cavaliere will be responsible for brands including Hanes, Bonds, Maidenform, Playtex, Bali and DIM. He joins HanesBrands from C&S Wholesale Grocers, where he was president and general manager of the company s retail chain division.
In its most recent third quarter, HanesBrands saw net sales slip by 3.2% for the three months ended 26 September to US$1.81bn, although revenue trends improved sequentially in each business segment. US innerwear sales increased by 8.4%, excluding protective garments, with growth in the basics and intimate apparel businesses. Overall, segment sales were up by 37%. ....

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HanesBrands appoints group president, global innerwear

HanesBrands has announced that Joe Cavaliere has been named to the newly created role of group president, global innerwear, effective February 8, 2021. ....

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Robinson bond revoked in drug case

Dec 31, 2020
A defendant in a Cumberland County drug case had his bond revoked âfor right now,â but depending on how the COVID-19 pandemic affects court proceedings in the future, that could change.
Cory Bernard Robinson is no stranger to the court system. He was arrested in July 2019 on a grand jury indictment charging possession of oxymorphone for sale and delivery, possession of marijuana and for driving without a driverâs license.
He has been arrested four times since.
Criminal Court Judge Gary McKenzie revoked Robinsonâs bond after a hearing last month but noted a conflict between Robinsonâs right to a speedy trial versus the Tennessee Supreme Courtâs order banning in-court appearance with the exception of special cases. ....

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