Troy Alstead, chief financial officer and chief administrative officer of Starbucks Corp., has been elected to the board of Levi Strauss & Co.
The addition of Alstead increases the number of Levi’s directors to 10 from nine, with all but Chip Bergh, president and chief executive officer of the San Francisco-based firm, serving as independent members of the board.
Alstead has been with Starbucks for 20 years and was closely involved in the development of the company’s international expansion. He was an original member of its international team and later led its business in Europe, the Middle East and Africa before being named senior vice president of global finance and business operation in August 2007 and chief operating officer of Starbucks Greater China in April 2008. He was appointed to his current post in November 2008.
Stephen Neal, chairman of Levi’s, said Alstead’s “extensive financial and operational expertise, as well as his extensive experience building brands in international markets, will be invaluable to our board of directors as we continue a course to accelerate growth and profitability on a global scale.”
Before joining Starbucks, Alstead was with NCR Corp. and Egghead Software.
Levi’s had 2011 revenues of $4.8 billion and operates or franchises more than 2,300 stores worldwide.
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