Management ChangeSep 30, 2026, 05:16 PM
Levi Strauss & Co. Appoints John Vandemore as CFO
AI Summary
Levi Strauss & Co. announced the appointment of John Vandemore as its new Executive Vice President and Chief Financial Officer, effective November 1, 2026. Vandemore brings over 25 years of financial leadership experience from companies like Skechers and Mattel. His compensation package includes a significant base salary, annual bonus, substantial sign-on awards in cash and equity, and future equity grants. The current CFO, Harmit Singh, will retire after a transition period, serving as a Special Advisor until November 30, 2026.
Key Highlights
- John Vandemore appointed Executive Vice President, Chief Financial Officer of Levi Strauss & Co., effective November 1, 2026.
- Vandemore's compensation includes a base salary of $1,350,000 per year and a target bonus of 110% of base salary.
- He will receive a one-time sign-on award totaling $15,000,000, including $4,000,000 in cash and $11,000,000 in equity (RSUs and SARs).
- Annual equity grants starting in 2027 are expected to have a target value of $4,250,000.
- Harmit Singh, current Executive Vice President and Chief Financial & Growth Officer, will retire after a transition period and remain as Special Advisor until November 30, 2026.
Price Impact
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