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Hanesbrands shuffles board of directors



By AP
29 September 2008 @ 03:16 pm EST

WINSTON-SALEM, N.C. - Underwear maker Hanesbrands Inc. said Monday it shuffled its board of directors, with Charles W. Coker retiring, effective Dec. 8.

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Coker, 75, served as chairman of the board's compensation committee and as presiding director.

Ann E. Ziegler, 50, will replace Coker. Ziegler serves as senior vice president and chief financial officer of CDW Corp.

Lee A. Chaden, 66, will retire as board chairman, and Chief Executive Richard A. Noll will add the role of chairman to his duties.

J. Patrick Mulcahy will serve as lead director, a new position.

Shares of Hanesbrands Inc. declined $1.90, or 8.3 percent, to $21.09.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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