Harmit Singh has been appointed executive vice president and chief financial officer of Levi Strauss & Co., effective Jan. 16.
Singh succeeds Blake Jorgensen, who left the firm in August to join Electronic Arts in the same post. Kevin Wilson, who had served as interim cfo since Jorgensen’s departure, will resume his role as vice president of finance for commercial operations in the Americas.
Singh will report to Chip Bergh, president and chief executive officer of the San Francisco-based jeans and sportswear company.
Singh was most recently cfo of Hyatt Hotels Corp., where his stewardship included shepherding the company through an initial public offering in 2009. Prior to his 14 years at Hyatt, Singh spent 14 years at Yum Brands, where his positions included cfo of Pizza Hut. He also worked in financial positions at the Indian affiliates of American Express and PriceWaterhouseCoopers.
Bergh noted that Singh’s “combination of financial and operational expertise, global experience and deep understanding of Asia will make him a strong addition to our leadership team at Levi Strauss & Co.”
In the first nine months of 2012, Levi’s net income dropped 3.2 percent, to $90.8 million, as revenues retreated 3.1 percent to $3.31 billion. While struggling to adjust to economic uncertainties in the U.S. and abroad, the company has undertaken a restructuring aimed at reducing its expenses, including the closure of its Denizen brand in Asia.