Michelle Gass to become Levi Strauss CEO on Jan 29, 2024; Bergh to retire April 26, 2024

LEVI STRAUSS & CO

Chip Bergh to retire as President & CEO effective April 26, 2024; will serve as Executive Vice Chair until then, then Senior Advisor through FY2024.
Michelle Gass, currently President, elected to succeed Bergh as President & CEO effective January 29, 2024, completing the two-year succession plan announced Nov 8, 2022.
Bergh will receive a $1M consulting fee as Senior Advisor and $200K/year admin support for 4 years; existing equity awards vest under retirement treatment.
Gass will continue current base salary and target annual incentive; future compensation determined by board in ordinary course.
No material transactions or family relationships with Gass; transition plan executed with board approval.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Michelle Gass

President and Chief Executive Officer

LEVI · LEVI STRAUSS & CO

Effective: 2024-01-29
Filed: December 7, 2023, 6:59 PM ET

the Company’s Board of Directors (the “Board”) has elected Michelle Gass, currently the Company’s President, to succeed Mr. Bergh as President and Chief Executive Officer (“CEO”) effective January 29, 2024

Departed

Charles Bergh

President and Chief Executive Officer

LEVI · LEVI STRAUSS & CO

Effective: 2024-04-26
Successor: Michelle Gass
Filed: December 7, 2023, 6:59 PM ET

Charles (“Chip”) Bergh has decided to retire from the Company as of April 26, 2024

Appointed

Charles Bergh

Executive Vice Chair of the Board

LEVI · LEVI STRAUSS & CO

Filed: December 7, 2023, 6:59 PM ET

The Board has elected Mr. Bergh as Executive Vice Chair of the Board until the retirement date

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michelle Gass was elected as President and Chief Executive Officer at LEVI STRAUSS & CO.

Action: elected
Role: President and Chief Executive Officer

Exact text from the filing

the Company’s Board of Directors (the “Board”) has elected Michelle Gass, currently the Company’s President, to succeed Mr. Bergh as President and Chief Executive Officer (“CEO”) effective January 29, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Charles Bergh retired as President and Chief Executive Officer at LEVI STRAUSS & CO.

Action: retired
Role: President and Chief Executive Officer

Exact text from the filing

Charles (“Chip”) Bergh has decided to retire from the Company as of April 26, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.9

Charles Bergh was elected as Executive Vice Chair of the Board at LEVI STRAUSS & CO.

Action: elected
Role: Executive Vice Chair of the Board

Exact text from the filing

The Board has elected Mr. Bergh as Executive Vice Chair of the Board until the retirement date

View on SEC.gov

LEVI STRAUSS & CO filing history →

Source: SEC EDGAR

accession 0000094845-23-000056

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