Stephen B. Bratspies
Also at HanesBrands Inc
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.
$HBI Performance Under Stephen B. Bratspies
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Walmart, Inc. | Chief Merchandising Officer | 2015–2020 | N/A [N/A] |
| Walmart, Inc. | Executive Vice President, Food | 2014–2015 | N/A [N/A] |
| Walmart, Inc. | Executive Vice President, General Merchandise | 2013–2014 | N/A [N/A] |
| Walmart, Inc. | Various Executive Positions | 2005–2013 | N/A [N/A] |
| Specialty Brands | Chief Marketing Officer | 2003–2005 | N/A [N/A] |
| PepsiCo, Inc. (Frito-Lay, North America Division) | Various Executive Positions | 1996–2003 | N/A [N/A] |
| A.T. Kearney | Management Consultant | 1994–1996 | N/A [N/A] |
Fixed Compensation
| Component Name | Amount ($) [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
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 |