Levi Strauss (NYSE: LEVI) CFGO Harmit Singh plans retirement after transition
Rhea-AI Filing Summary
Levi Strauss & Co. announced that Executive Vice President and Chief Financial & Growth Officer Harmit Singh will remain in his role until a successor is appointed, then move to Special Advisor before retiring. The company has engaged an executive search firm to find the next Chief Financial Officer.
Singh will serve as Special Advisor from a transition date no later than November 30, 2026 through November 30, 2026, continuing to receive his current base salary and full eligibility for the 2026 annual incentive award. After this period, he will receive $3 million in cash severance paid over 78 weeks, subsidized COBRA health coverage for 78 weeks, and other executive-level benefits through the end of 2027, subject to a general release.
The company states that Singh’s transition is not due to any disagreement on accounting or financial reporting matters. A related press release highlights his 13 years of service, role in taking the company public, and contributions to its shift toward a direct-to-consumer model. Levi Strauss & Co. reported 2025 net revenues of $6.3 billion.
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Insights
Planned CFGO retirement with long transition looks orderly and neutral.
Levi Strauss & Co. is managing the planned retirement of its long-serving Chief Financial & Growth Officer, Harmit Singh, through an extended transition. He remains in the CFGO role until a successor is hired, then serves as Special Advisor through late 2026.
The separation package includes $3 million in cash severance over 78 weeks, subsidized COBRA coverage for 78 weeks, and continued executive-level benefits through 2027. For a company with $6.3 billion in 2025 net revenues, these amounts are modest relative to scale.
The company explicitly notes there are no disagreements on accounting or financial reporting, and emphasizes Singh’s role in taking the company public and driving its direct-to-consumer strategy. The key dependency is a successful CFO search; subsequent filings may provide details once a successor is named.
8-K Event Classification
Key Figures
Key Terms
Special Advisor financial
COBRA continuation coverage financial
annual incentive award financial
direct-to-consumer financial
Global Talent Hubs financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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| ITEM 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On April 7, 2026, Levi Strauss & Co. (the “Company”) announced that Harmit Singh, the Company’s Executive Vice President and Chief Financial and Growth Officer, will transition to the role of Special Advisor to the Company. The Company has retained an executive search firm to identify potential candidates for the Chief Financial Officer role. Until such time as his successor commences in the role as Chief Financial Officer, but no later than November 30, 2026 (the “Transition Date”), Mr. Singh will continue to serve as the Company’s Executive Vice President and Chief Financial and Growth Officer.
To facilitate the transition and enable continuity, the Company and Mr. Singh have entered into a transition and separation agreement dated April 3, 2026 (the “Separation Agreement”) which will allow the Company to leverage Mr. Singh’s long tenure and Company expertise as Special Advisor beginning on the Transition Date and continuing through November 30, 2026 (such date, the “Separation Date,” and such period, the “Term”). During the Term, Mr. Singh will provide advisory and transition-related services as may reasonably be requested by the Company and will continue to receive his current base salary and remain eligible to earn an annual incentive award for the Company’s 2026 fiscal year, without proration, subject to the terms and conditions of the annual incentive plan.
Upon the Separation Date, in lieu of receiving severance provided under the Senior Executive Severance Plan, Mr. Singh will be entitled to receive $3 million in cash severance, which will be payable in installments over 78 weeks, subsidized COBRA continuation coverage for 78 weeks, and certain other benefits and perquisites consistent with those provided to in-service executives through the end of 2027.
All payments and benefits under the Separation Agreement are subject to Mr. Singh’s execution and non-revocation of a general release agreement.
Mr. Singh’s transition is not the result of any disagreements with the Company on any matter relating to the Company’s accounting principles or practices, financial statement disclosures or policies.
The foregoing summary is qualified in its entirety by reference to the complete text of the Separation Agreement which will be filed with the Company’s Quarterly Report on Form 10-Q for the quarter ending May 31, 2026.
| ITEM 7.01 | Regulation FD Disclosure |
The Company issued the press release attached hereto as Exhibit 99.1 with respect to the matters set forth in Item 5.02 above. The information in Item 7.01 of this Current Report on Form 8-K is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.
| ITEM 9.01 | Financial Statement and Exhibits. |
| (d) | Exhibits |
| 99.1 | Press Release, dated April 7, 2026 | |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LEVI STRAUSS & CO. | |||
| Date: | April 7, 2026 | By: | /s/ David Jedrzejek |
| Name: | David Jedrzejek | ||
| Title: | Senior Vice President and General Counsel |
LEVI STRAUSS & CO. 8-K
Exhibit 99.1
FOR IMMEDIATE RELEASE
| Investor Contact: | Aida Orphan | Media Contact: | Mark Cazares | ||
| Levi Strauss & Co. | Levi Strauss & Co. | ||||
| (415) 501-6194 | (415) 501-7777 | ||||
| Investor-Relations@levi.com | NewsMediaRequests@levi.com |
Levi Strauss & Co. Announces That After a Planned
Transition, Chief Financial & Growth Officer
Harmit Singh Will Retire
—Company Commences Search, Singh to Remain Through Transition—
San Francisco, CA – (April 7, 2026) – Levi Strauss & Co. (LS&Co.) (NYSE: LEVI) today announced that Executive Vice President and Chief Financial & Growth Officer (CFGO) Harmit Singh will continue in his role as CFGO until a successor is appointed and then transition to serve as Special Advisor, following which he will retire.
The company has initiated a comprehensive search process with the assistance of a leading executive search firm. Singh will continue to serve as CFGO until a successor is appointed and will remain for a planned transition as Special Advisor to ensure continuity.
“On behalf of the Board and our employees, I want to thank Harmit for his significant contributions to Levi Strauss & Co. over the past 13 years,” said Michelle Gass, President and CEO, LS&Co. “He played an important role in taking the company public, supporting the company’s transformation into a DTC-first retailer, and strengthening our financial foundation and operating rigor, positioning us for long-term profitable growth. Thanks to the high-caliber finance team he built, we are well-positioned to navigate a seamless transition. Harmit has been a trusted leader across the organization, and we are grateful for his impact and his ongoing support as we conduct a thoughtful search for our next CFO.”
“It has been a true privilege to work alongside Michelle and the executive leadership team as we’ve driven meaningful, transformative growth,” added Singh. “We have successfully evolved into a more diversified, global, direct-to-consumer business, expanding our addressable market, growing margins and positioning the business for sustainable growth. I am very proud of what we have accomplished, and I have deep gratitude for my team and tremendous confidence in the company’s continued momentum. I look forward to supporting a smooth transition to the company’s next CFO.”
Singh joined LS&Co. in 2013 as Chief Financial Officer, taking responsibility for the company’s global finance, information technology, M&A, investor relations, strategic sourcing and global business services functions. In 2023, his role expanded to include Chief Growth Officer, where he helped shape our corporate strategy, accelerate transformation initiatives and advance several key enablers of our future — including global real estate, franchise expansion and the development of our Global Talent Hubs. Prior to joining LS&Co., Singh served as Chief Financial Officer at Hyatt Hotels Corporation and held Division CFO roles at Yum! Restaurants International and Pizza Hut.
About Levi Strauss & Co.
Levi Strauss & Co. (LS&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®, Levi Strauss Signature™, and Beyond Yoga® brands. Its products are sold in approximately 120 countries worldwide through a combination of chain retailers, department stores, online sites, and a global footprint of approximately 3,300 retail stores and shop-in-shops. Levi Strauss & Co.’s reported 2025 net revenues were $6.3 billion. For more information, go to http://levistrauss.com, and for financial news and announcements go to http://investors.levistrauss.com.