LEVI’S USA HEAD PLANS TO RETIRE
NEW YORK — George Porter, president of Levi’s Brand’s USA business, will take an early retirement plan and leave the $7.1 billion jeanswear company in the second half of this year.
Porter, 50, declined comment Tuesday, but a Levi Strauss spokesman said the executive will “pursue other opportunities,” including devoting more time to his partnership in a Napa Valley winery, Luna Winery.
A successor has not been named, said the spokesman.
The early retirement plan is being offered through this fall to “several hundred Levi’s employees who meet certain age and tenure requirements,” he said.
Porter has been with Levi Strauss since 1972, starting in sales.
He was named general manager of the Levi’s brand for men’s in 1982, and from 1984-91 he was president of the U.S. shirts division of Levi Strauss & Co.
In 1991, he became president of men’s jeans and was named to his current post in 1993.