NEW YORK – Levi Strauss & Co.’s board of directors wasted little time in naming John Anderson to succeed Phil Marineau as president and chief executive officer of the company. The San Franciso-based denim giant announced on Monday that its board had met on July 13 and accepted Marineau’s recommendation of Anderson to take the reins.
Anderson is a 27-year veteran of the company and was most recently head of the company’s Asia-Pacific division. Marineau, who joined Levi’s from Pepsi in 1999, announced he would retire from the company at the end of the year on July 6. Anderson will take over on November 26. “John has consistently delivered exceptional results in various leadership roles worldwide and has a tremendous following in the company,” said Marineau in a statement. “John is keenly aware of what it will take to continue to build our brands and businesses globally.”
The company also announced that five of the 14 members serving on its board had stepped down as of the July 13 meeting. Angela Glover Blackwell, Robert Friedman, James Gaither, Miriam Haas and Walter Haas have relinquished their seats on the board as part of what the company said was a plan to reduce the board’s overall size.
“We are taking this action now in line with current corporate best practices, which for us means a smaller board and a higher proportion of non-family, independent outside directors,” said Bob Haas, who is considered the company’s “non-executive” chairman.