HanesBrands CFO to exit company
today Nov 27, 2019
HanesBrands has announced that Barry Hytinen, the company’s chief financial officer, will be his post to accept another career opportunity outside of the apparel industry.
According to a report from Biz Journals, Hytinen has accepted a similar position with Iron Mountain, a Boston-based storage and information management services company.
He will continue in the CFO role until the end of the fiscal year on December 28, 2019. In the meantime, the company said it will begin searching both internally and externally for a new CFO.
“[Hytinen] is a talented finance professional, and we appreciate his contributions over the past two years to strategy development and to strengthening our finance organization,” said HanesBrand chief executive officer Gerald W. Evans Jr.
“[Hytinen] is leaving us with an excellent global finance organization, and we remain committed to our Sell More, Spend Less and Generate Cash corporate strategic initiatives.”
Hytinen first joined HanesBrands in October of 2017. Previously, he spent over a decade with bedding company Tempur Sealy International, where he most recently served as chief financial officer and executive vice president.
The executive shift comes after HanesBrands reported a slight increase in third quarter revenues at the beginning of this month, with sales carried by its Champion brand. In total, the company’s net sales for the quarter came in at $1.87 billion, up 1% (2% in constant currencies) from the $1.85 billion reported by the company in the prior-year period.
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