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    Michelle Gass

    President and Chief Executive Officer at Levi Strauss & Co
    Board
    Since January 29, 2024
    Age
    57 years
    Tenure
    Joined LEVI in January 2023 as President and was promoted to President and Chief Executive Officer on January 29, 2024.

    Also at Levi Strauss & Co

    DJ
    David Jedrzejek
    Senior Vice President and General Counsel
    GF
    Gianluca Flore
    Executive Vice President and Chief Commercial Officer
    HS
    Harmit Singh
    Executive Vice President and Chief Financial and Growth Officer

    About

    Michelle Gass is a seasoned executive in the retail industry, noted for her extensive leadership experience and strategic approach to brand management.

    Her career includes significant roles at major companies, having held leadership positions at Kohl's Corporation, Starbucks Corporation, and Procter & Gamble, which provided her with a broad perspective in marketing, operations, and customer engagement.

    At LEVI, she joined in January 2023 as President and quickly ascended to become the President and Chief Executive Officer on January 29, 2024, reflecting her capability to lead during pivotal transformations.

    $LEVI Performance Under Michelle Gass

    Past Roles

    OrganizationRoleDate RangeDetails
    Levi Strauss & Co.President January 2023 - January 2024Held this role before becoming CEO
    Kohl's CorporationChief Executive Officer May 2018 - December 2022Also served as Chief Merchandising and Customer Officer and Chief Customer Officer
    Starbucks CorporationVarious Leadership Roles Over 16 years Held roles including President of Starbucks Europe, Middle East & Africa and Executive VP of Marketing and Category
    Procter & GambleProduct Development and Brand Management Roles N/AServed in product development and brand management roles before joining Starbucks

    External Roles

    OrganizationRoleDate RangeDetails
    PepsiCo, Inc.Board of Directors N/ACurrent active board role

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,475,000 Annual (as of December 1, 2024)Remained unchanged from November 26, 2023
    Stock Awards$6,607,207 Granted in FY24Includes awards granted during fiscal year 2024
    Option Awards$2,099,996 Granted in FY24Includes option awards granted during fiscal year 2024
    All Other Compensation$419,525 Paid as incurredIncludes executive perquisites, 401(k) match, deferred compensation match, relocation (incl. tax gross-ups), and charitable match
    Sign-On Awards$24,300,000 Per make-whole packageComprises Sign-On Cash Award ($8,100,000), Sign-On PRSU ($8,100,000), and Sign-On SAR ($8,100,000)

    Performance Compensation

    Data from  FY 2024

    Performance Compensation Components

    MetricDetails
    Plan NameAnnual Incentive Plan (AIP)
    Performance MetricsAdjusted EBIT (50% weight), Net Revenues (35% weight), Cash Conversion Cycle (15% weight)
    Payout Range0% to 350% of base salary
    Target Participation175% of base salary
    Evaluation PeriodFiscal Year 2024
    Actual PerformanceTotal Company Performance: 124%; Individual Performance: 100%
    Bonus Paid$3,045,875
    Grant DetailsGrant Date: January 29, 2024; Grant Date Fair Value: $4,569,213; Grant Date Stock Price: $16.58
    Vesting ScheduleNot specified in details