Levi Strauss appoints Michelle Gass as President, CEO-in-waiting within 18 months

LEVI STRAUSS & CO

Michelle Gass named President, effective Jan 2, 2023; expected to succeed Chip Bergh as CEO within 18 months.
Gass previously CEO of Kohl's; brings retail and omni-channel experience; will lead Levi's brand and global digital ops.
Compensation includes $1.475M base salary, 175% target bonus, annual equity of $7.55M, plus sign-on package valued at $24.3M.
Board expands from 12 to 13 members; Gass to join board effective start date.
Succession plan designed for meaningful transition period; Bergh remains CEO during transition.

item 5.02 item 7.01 item 9.01

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Appointed

Michelle Gass

President

LEVI · LEVI STRAUSS & CO

Effective: 2023-01-02
Filed: November 8, 2022, 6:59 PM ET

announced the appointment of Michelle Gass as the Company’s President, effective on or about January 2, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Michelle Gass was appointed as President at LEVI STRAUSS & CO.

Action: appointed
Role: President

Exact text from the filing

announced the appointment of Michelle Gass as the Company’s President, effective on or about January 2, 2023.

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LEVI STRAUSS & CO filing history →

Source: SEC EDGAR

accession 0001193125-22-279756

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