Attached files
file | filename |
---|---|
8-K - FORM 8-K - LEVI STRAUSS & CO | f59395e8vk.htm |
EX-10.1 - EX-10.1 - LEVI STRAUSS & CO | f59395exv10w1.htm |
EX-10.2 - EX-10.2 - LEVI STRAUSS & CO | f59395exv10w2.htm |
Exhibit 99.1
LEVI STRAUSS & CO. PRESIDENT AND CEO JOHN ANDERSON TO RETIRE
CHIP BERGH APPOINTED AS NEW CEO
SAN FRANCISCO, June 16, 2011 - Levi Strauss & Co. (LS&Co.) announced today that president and CEO
John Anderson is retiring after a 32 year career with the Company effective September 1, 2011. Mr.
Anderson is also resigning from the Companys Board of Directors. LS&Co. Board of Directors has
appointed Charles (Chip) V. Bergh as president and chief executive officer effective September 1,
2011. He will also join the Levi Strauss & Co. Board of Directors. Mr. Bergh, 53, most recently
served as the Group President, Global Male Grooming of The Procter & Gamble Company.
We would like to thank John Anderson for the countless contributions he has made to our company
throughout the past thirty-two years, Richard L. Kauffman, Chairman of the Board of Directors of
Levi Strauss & Co., commented. Under his leadership, Levi Strauss & Co. has completed a successful
brand transformation, honed its focus on brand management and made investments in key growth
platforms to leverage the strength of our market-leading brands.
John Anderson said, It has been my privilege to witness the transformation of this exceptional
Company throughout the last 32 years. I am proud of our accomplishments, and I look forward to
seeing the talented people of Levi Strauss & Co. continue to drive the company forward.
During his 28 year career with The Procter & Gamble Company, Chip Bergh served in a number of
leadership positions with increasing levels of complexity and scope, most recently serving as Group
President, Global Male Grooming where he was responsible for all aspects of branding, innovation
and key investment decisions of the $7 billion global business. In this role, he led the global
expansion of Gillette Fusion to more than 80 markets outside of North America building a $2 billion
brand which has continued to deliver above expectations increasing Fusion brand global market share
versus year ago for every month since its launch in February, 2006 (63 consecutive months).
Mr. Bergh was the driving force behind a number of successful product launches, including Fusion
ProGlide and Fusion ProSeries, and multi-platform marketing campaigns, including the 2010
award-winning campaign for Old Spice which drove The Procter & Gamble Companys Male Personal
Cleansing business to market leadership in North America. He has led multiple acquisitions, and led
the successful on-the-ground integration of Gillette, the largest acquisition ever in the FMCG
industry ($57 billion). He also completed an extended tenure in Asia where he spearheaded
expansion strategies in a number of emerging markets. Prior to joining The Procter & Gamble
Company, Mr. Bergh served as a Captain in the U.S. Army. He received his B.A. from Lafayette
College.
Mr. Bergh previously served on the Board of Directors for VF Corporation, on the Economic
Development Board, Singapore, and was a member of the US-ASEAN Business Council, Singapore.
Chip Bergh is a strategic leader with a proven ability to build and grow brand powerhouses, bring
new products to the mass market, develop innovative marketing
campaigns, and capitalize on digital platforms to successfully drive brand awareness, said Richard
L. Kauffman. This combined with his track record of operational excellence, disciplined execution,
significant international experience, and ability to cultivate high performing teams will be
critical assets to our company as we continue to identify creative ways to meet the ever-changing
needs of consumers in markets around the world.
I am truly humbled and excited to join Levi Strauss & Co. to lead the next phase of evolution and
growth of its iconic brands, said Chip Bergh. I look forward to working with the Companys
impressive leadership team and talented employees to build on its strong position as a consumer
industry leader for the benefit of shareholders, consumers and other stakeholders.
About Levi Strauss & Co.
Levi Strauss & Co. is one of the worlds largest brand-name apparel companies and a global leader
in jeanswear. The company designs and markets jeans, casual wear and related accessories for men,
women and children under the Levis®, Dockers®, Signature by Levi Strauss &
Co., and Denizen brands. Its products are sold in more than 110 countries worldwide through a
combination of chain retailers, department stores, online sites, and franchised and company-owned
stores. As of February 27, 2011, the company operated 482 stores within 31 countries. Levi Strauss
& Co.s reported fiscal 2010 net revenues were $4.4 billion. For more information, go to
http://levistrauss.com.
Photo of Chip Bergh:
http://levistrauss.com/sites/default/files/management_bio/2011/6/cb-image-large.jpg
http://levistrauss.com/sites/default/files/management_bio/2011/6/cb-image-large.jpg
Media Contacts:
Kris Marubio
Levi Strauss & Co.
(415) 501-6709
kmarubio@levi.com
newsmediarequests@levi.com
Kris Marubio
Levi Strauss & Co.
(415) 501-6709
kmarubio@levi.com
newsmediarequests@levi.com