HanesBrands, a global marketer of branded everyday apparel, has appointed Michael Dastugueas its new chief financial officer, effective May 1, 2021.
As per Textile World, Dastugue will bring more than 30 years of financial leadership and transformation experience at large organizations to the company. He has an extensive background in financial planning and analysis, corporate strategy, accounting, tax and external reporting.
Most recently, Dastugue was executive vice president and chief financial officer at Walmart U.S., where he led financial activities at the company’s $370 billion U.S. segment. Dastugue played a key role in Walmart’s transformation, helping drive improved profitability and productivity across the organization. Prior to that, Dastugue served as executive vice president and chief financial officer at Sam’s Club, Walmart’s $57 billion club division. Before joining Walmart in 2013, Dastugue was chief financial officer at J.C. Penney, where he held a number of financial and real estate leadership roles during 20 years.
Dastugue holds a bachelor’s degree from Texas A&M University and an MBA from the University of Texas.