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Stock impact report

Levi Strauss finance chief set to retire with $3M severance [Yahoo! Finance]

Levi Strauss & Co Class A (LEVI) 
Last levi strauss & co class a earnings: 4/7 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Levi Strauss & Co. Chief Financial and Growth Officer Harmit Singh plans to retire after serving in an advisory role once a successor is named, the apparel manufacturer said Tuesday. Singh will remain in his current position until a successor is appointed and will then transition into a special adviser role through Nov. 30 to support continuity during the leadership handover, according to a securities filing. The company said it has launched a process to find a replacement with the assistance of an executive search firm. “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,” Michelle Gass, the company's CEO, said in a press release Dive Insight: Upon completion of his tenure, Singh will be entitled to receive a $3 million cash severance paid over a roughly 18-month period , the company said in its securities filing. The payments are subject to Singh's “execution Show less Read more
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