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Levi's names Kohl's Michelle Gass as chief executive

November 08, 2022 at 08:57 am EST

(Reuters) - Levi Strauss & Co on Tuesday named current Kohl's Corp Chief Executive Officer Michelle Gass as its next CEO, replacing Chip Bergh.

Gass will leave Kohl's in December to become president of Levi's and will report to Bergh before taking over as chief executive within the next 18 months.

Kohl's said Tom Kingsbury, a director on the department store chain's board and former Burlington Stores Inc chief executive, will serve as interim CEO from Dec. 2.

Kohl's shares rose 11% in premarket trading, after it also forecast better-than-expected third-quarter earnings.

(Reporting by Uday Sampath in Bengaluru; Editing by Shounak Dasgupta)

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
KOHL'S CORPORATION	24.53 USD	+1.03%	+5.78%	2.72B
BURLINGTON STORES, INC.	184.2 USD	+3.17%	+3.15%	11.76B
LEVI STRAUSS & CO.	21.13 USD	+0.19%	+2.82%	8.41B

Michelle Gass

Michelle D. Gass occupies the position of Chief Executive Officer & Director at Kohl's Corp. and Chief Executive Officer at Kohl's, Inc. (a subsidiary of Kohl's Corp.). She is also on the board of PepsiCo, Inc. and National Retail Federation, Inc. Ms. Gass previously occupied the position of President-Europe, Middle East & Africa Region at Starbucks Corp. President for Seattle's Best Coffee LLC and President-Europe, Middle East, Russia & Africa at Starbucks Coffee Co. (both are subsidiaries of Starbucks Corp.) and Chief Merchandising & Customer Officer at Kohl's Department Stores, Inc. Michelle D. Gass received an undergraduate degree from Worcester Polytechnic Institute and an MBA from the University of Washington.

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