Levi Strauss & Co. Names Harmit Singh as Chief Financial Officer
SAN FRANCISCO -- December 13, 2012
Levi Strauss & Co. (LS&Co.) today announced that Harmit Singh will join the
company as executive vice president and chief financial officer on January 16,
2013, reporting to company president and chief executive officer Chip Bergh.
In this role, he will be responsible for the company’s global information
technology and finance functions, including financial planning and analysis,
accounting and controls, tax, treasury, risk management, internal audit and
Mr. Singh brings almost 30 years of experience as a financial leader within
the hospitality, restaurant and travel industries. Most recently, Singh was
chief financial officer of Hyatt Hotels Corporation, where he successfully led
the financial planning and operations for an organization with about 500
hotels across 45 countries. During his time at Hyatt, he played an important
role in establishing the global financial structure, led the company through
the IPO process, built a strong balance sheet and drove growth by supporting
capital deployment for acquisitions and investments.
“Having led the financial and information technology operations behind some of
the largest restaurant and hotel companies, Harmit has extensive experience in
developing and implementing growth strategies for companies that serve
consumers around the globe,” said Chip Bergh, president and chief executive
officer of LS&Co. “His combination of financial and operational expertise,
global experience and deep understanding of Asia will make him a strong
addition to our leadership team at Levi Strauss & Co.”
In addition to his four years at Hyatt Hotels Corporation and fourteen years
of various global leadership roles at Yum! Brands, the world’s largest
restaurant company, (including CFO of Pizza Hut), Singh also worked at
American Express India and Price Waterhouse in India.
“Levi Strauss & Co. is admired around the world for its iconic brands,” said
Mr. Singh. “I am excited to be joining a company with such a rich and
established heritage. I look forward to working with leaders in the company
and the finance and technology group as we grow the brands globally and
enhance value for all stockholders.”
Upon his arrival, Kevin Wilson, who has served as interim chief financial
officer since August 2012, will resume his role as vice president, finance for
the Americas Commercial Operations.
About Levi Strauss & Co.
Levi Strauss & Co. is one of the world’s 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
Levi’s®, 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 a global footprint of
more than 2,300 franchised and company-operated stores. Levi Strauss & Co.’s
reported fiscal 2011 net revenueswere$4.8 billion. For more information, go
Levi Strauss & Co.
Chris Ogle, 800-438-0349 (Investors)
Kris Marubio, 415-501-6709 (Media)
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