December 8, 2022

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Levi’s Taps Kohl’s CEO for President

4 min read
Levi’s Taps Kohl’s CEO for President

Levi Strauss & Co. has named Michelle Gass, Kohl’s existing CEO, to the new position of president, LS&Co., reporting to Chip Bergh, president & CEO.

Gass will be accountable for foremost the Levi’s brand name and the company’s global electronic and industrial functions. With this announcement, the board of administrators has set in motion a succession strategy for Gass to succeed Bergh as CEO inside of the future 18 months.

Gass will commence her job with the organization on January 2 and is predicted to join the LS&Co. Board of Administrators on her start off day. Kohl’s Company announced that Gass designs to phase down as CEO and member of the Kohl’s Board of Directors helpful December 2, 2022.

Kohl’s Board appointed Tom Kingsbury to serve as interim CEO from December 2, 2022 right up until a permanent successor is named. The Board also shaped a committee of the Board, led by Michael Bender and such as Christine Day, Margaret Jenkins, Peter Boneparth and Tom Kingsbury, to oversee the look for for a new CEO.

“We are delighted that an govt with Michelle’s track record, knowledge and stature is signing up for as president to work aspect-by-side with Chip for a significant changeover period of time right before turning out to be CEO,” said Bob Eckert, chairman of the LS&Co. Board of Administrators. “Michelle’s deep retail and omni-channel working experience put together with her keep track of file of setting up makes and meaningful innovation is a perfect in shape for the competencies desired to guide this company for the prolonged phrase and generate considerable worth for our stakeholders.”

Gass delivers remarkable direct-to-customer knowledge to LS&Co., having led the transformation method at Kohl’s to position the organization for extensive-phrase profitable growth. She has pushed a sizeable reinvention energy for extra than 1,100 Kohl’s merchants, although rising the electronic small business at a double-digit compounded once-a-year progress rate to extra than $6 billion. She has also led a range of strategic innovations at Kohl’s, including the introduction of Amazon returns and spearheading the extensive-term strategic partnership with Sephora, which has expanded to 600 Sephora at Kohl’s retailers. While at Starbucks, she held numerous management roles around approximately 17 years and was instrumental in foremost many thriving product or service innovations, such as expanding the Frappuccino blended beverage brand and launching the Starbucks loyalty application. Her last assignment at Starbucks was as President, Starbucks EMEA, primary their European, Middle East and Africa business.

“One of my largest legacies at LS&Co. will be my successor, passing the baton to somebody who will get the organization to the up coming amount. I am thrilled not just about Michelle currently being my successor, but also about owning the chance to do the job carefully together during the transition,” Bergh explained. “I have known Michelle for a ten years, and she has several of the characteristics we value in our leaders: she is humble, approachable, transparent and pushed by goal and values. She has a keep track of report of developing brands and talent. Michelle also provides a lot more than 25 yrs of retail and omni-channel expertise, together with a demonstrated observe report of innovation, driving transformational ‘big ideas’ not just on merchandise but also enterprise versions. With this move, I am even extra assured in this company’s future.”

Kohl’s Board Chair Peter Boneparth mentioned, “The Board is grateful for Michelle’s several contributions given that she joined the Firm in 2013. Less than her leadership, the business has pushed a strategic transformation, expanded its partnerships and brand portfolio, and supported an inclusive and collaborative culture. On behalf of all Kohl’s associates, we wish her effectively in her up coming endeavor.”

“I am exceptionally proud of what the team at Kohl’s has attained and I’m extremely self-confident in their capability to travel ongoing innovation, expansion and value for customers,” Gass said. “Kohl’s associates and manufacturer companions are an inspiration to me, and I am really grateful to have experienced the possibility to perform with this wonderful crew and business.”

Gass has an MBA from the College of Washington, Michael G. Foster College of Enterprise, and a B.S. in chemical engineering from Worcester Polytechnic Institute. In addition to serving on the PepsiCo. Board of Directors, she is also on the Board of the Retail Field Leaders Affiliation and the Countrywide Retail Federation. She previously served on the Cigna and Ann Inc. Boards of Administrators.

“I am thrilled to join Levi Strauss & Co., with its legendary makes, extraordinary workforce and unwavering commitment to corporate citizenship,” Gass explained. “With the Levi’s manufacturer stronger than ever, Dockers reinvigorated and the Beyond Yoga acquisition growing the company’s addressable market place, I appear forward to functioning together with Chip and his talented team to notice the incredible prospective for the business enterprise in the decades to come.”

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