Stephen B. Bratspies

Chief Executive Officer at HanesBrands Inc

Since August 2020

Age

57 years

Education

Holds an M.B.A. from The Wharton School of Business, University of Pennsylvania and a B.A. in Economics from Franklin & Marshall College.

Tenure

Joined HBI in August 2020 as Chief Executive Officer after serving in various senior leadership roles at companies such as Walmart.

Also at HanesBrands Inc

KLO

Kristin L. Oliver

EVP, Chief Human Resources Officer and Chief Legal Officer

MEF

Michael E. Faircloth

EVP, President, Global Operations

MSL

M. Scott Lewis

Chief Financial Officer and Chief Accounting Officer

About

Stephen B. Bratspies has led Hanesbrands Inc. as the Chief Executive Officer since 08-2020. At the age of 57 , he brings a wealth of experience from his extensive career in corporate management, having held multiple senior leadership roles before joining HBI.

He earned his formal education at prestigious institutions, securing an M.B.A. from The Wharton School of Business, University of Pennsylvania and a B.A. in Economics from Franklin & Marshall College. This strong educational background has underpinned his strategic approach in business, particularly in large publicly traded companies.

Prior to his role at HBI, he demonstrated his leadership and operational expertise at Walmart, where he served in key positions such as Chief Merchandising Officer and Executive Vice President in various capacities. His career also spans roles at specialty brands, PepsiCo, and as a management consultant, all of which have contributed to his well-rounded acumen in corporate risk management, financial oversight, and strategic operations.

Throughout his professional journey, his demonstrated ability to drive growth and strategic initiatives has established him as a pivotal leader at HBI, combining his hands-on experience with a forward-thinking vision for the company.

$HBI Performance Under Stephen B. Bratspies

Past Roles

Organization	Role	Date Range	Details
Walmart, Inc.	Chief Merchandising Officer	2015–2020	N/A [N/A]
Walmart, Inc.	Executive Vice President, Food	2014–2015	N/A [N/A]
Walmart, Inc.	Executive Vice President, General Merchandise	2013–2014	N/A [N/A]
Walmart, Inc.	Various Executive Positions	2005–2013	N/A [N/A]
Specialty Brands	Chief Marketing Officer	2003–2005	N/A [N/A]
PepsiCo, Inc. (Frito-Lay, North America Division)	Various Executive Positions	1996–2003	N/A [N/A]
A.T. Kearney	Management Consultant	1994–1996	N/A [N/A]

Fixed Compensation

Data from FY 2023

Component Name	Amount ($) [Citation]	Payment Schedule	Additional Details
Base Salary	1,250,000	Annual	Fixed base salary
Life Insurance Premiums	7,974	Annual	Life Insurance Policy Premiums
Long-Term Disability Premiums	11,938	Annual	Long-Term Disability Insurance Premiums
Accidental Death & Dismemberment	144	Annual	Accidental Death and Dismemberment Insurance Premiums
401(k) Contributions	13,200	Annual	401(k) Plan Contributions
SERP Contributions	36,800	Annual	Defined Contribution Component of the SERP

Performance Compensation

Data from FY 2023

Annual Incentive Plan (AIP)

Metric/Level	Weight	Threshold	Target	Maximum	Actual Payout/Details
Net Organic Sales	40%	N/A	N/A	N/A	Key performance metric driving strategic focus
Adjusted Operating Income	40%	N/A	N/A	N/A	Key performance metric driving strategic focus
Net Inventory	20%	N/A	N/A	N/A	Contributes to overall performance evaluation
Payout Levels	N/A	$500,000	$2,000,000	$3,000,000	Actual Payout: $752,000; maximum capped at 150% of target with possible adjustment of +/- 5%

Long-Term Incentive Program (LTIP)

Component	Metric	Weight	Threshold	Target	Maximum	Vesting Schedule	Grant Details
PSAs	Cash Flow from Operations	50%	1.0% growth	10.0% growth	20.0% growth	Cliff vests on last business day of February 2026	Grant Date: Jan 23, 2023; Fair Value: $3,874,997
	Adjusted EPS Growth	50%	0.5% growth	4.5% growth	9.0% growth	Performance period 2023–2025; payout averaged over three years; dividend equivalents paid in cash post vesting	N/A
RSUs	N/A	N/A	N/A	N/A	N/A	Vests ratably over three years (33%, 33%, 34% on anniversaries of grant date)	Grant Date: Jan 23, 2023; Fair Value: $3,874,997