NEW YORK — Levi Strauss & Co. on Tuesday named Hans Ploos van Amstel as its next chief financial officer.
He succeeds Jim Fogarty, a managing director with turnaround firm Alvarez & Marsal, who stepped in as Levi’s cfo in December 2003. That’s when the San Francisco-based company hired Alvarez & Marsal as advisers to help improve operations.
Levi’s most-watched restructuring effort of the past year was its effort to sell its Dockers unit, which was put on the selling block in May. In November, Levi’s decided to keep the casual clothing brand. But the company has also reorganized back-office operations through the course of the year, cutting its headcount by more than 20 percent. Levi’s now employs about 9,500 people.
Ploos van Amstel, 40, currently serves as vice president and cfo of Levi’s European unit. In his new post, which he starts on March 7, he will report to Phil Marineau, president and chief executive officer.
Fogarty, who pulled a stint in a similar role to that at Levi’s at Warnaco Group Inc., will continue to oversee turnarounds with A&M. At Levi’s, he had succeeded Bill Chiasson, who stepped down at the end of a year when the jeans company discovered it would have to restate previous earnings due to some errors made by its tax department.
This story first appeared in the February 2, 2005 issue of WWD. Subscribe Today.