Management ChangeApr 7, 2026, 04:21 PM
Levi Strauss CFO Harmit Singh to Transition to Special Advisor Role, Receive $3M Severance
AI Summary
Levi Strauss & Co. announced that Harmit Singh, Executive Vice President and Chief Financial and Growth Officer, will transition to a Special Advisor role. Mr. Singh will continue as CFO until a successor is appointed, but no later than November 30, 2026, to ensure continuity. The company has engaged an executive search firm to identify candidates for the Chief Financial Officer position. Upon his separation on November 30, 2026, Mr. Singh will receive a $3 million cash severance package and 78 weeks of subsidized COBRA coverage, in lieu of standard severance.
Key Highlights
- Harmit Singh, EVP and Chief Financial and Growth Officer, will transition to Special Advisor to the Company.
- Mr. Singh will continue in his current CFO role until a successor commences, but no later than November 30, 2026 (Transition Date).
- During the Special Advisor term, from the Transition Date through November 30, 2026 (Separation Date), Mr. Singh will receive his current base salary and remain eligible for his unprorated 2026 annual incentive award.
- Upon the Separation Date, Mr. Singh will receive $3 million in cash severance, payable in installments over 78 weeks, and 78 weeks of subsidized COBRA continuation coverage.
- Levi Strauss & Co. has retained an executive search firm to identify potential candidates for the Chief Financial Officer role.
Price Impact
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