Philip A. Marineau to retire from Levi Strauss & Co
07 Jul '06
3 min read
Philip A. Marineau, chief executive officer of Levi Strauss & Co announced that he plans to retire from the company at the end of 2006. He also said that John Anderson, currently president of LS&CO.'s Asia Pacific Division and president of the company's global supply chain organization, has been promoted to chief operating officer, effective immediately.
"The timing is right," said Marineau. "I have accomplished what I set out to do and have the opportunity now to turn over the operations of the company to the next generation of leadership. The business has turned around from when I joined more than six years ago and is in much stronger financial shape. We have transformed LS&CO. from being primarily a jeanswear manufacturer into a highly competitive global marketer and distributor of apparel."
Marineau added, "I am announcing this now in order to ensure a smooth transition. During the next several months, I will continue to work side-by-side with John Anderson as he assumes the chief operating officer role. Based on more than 27 years of experience, John is the ideal apparel executive to lead the company's widespread operations. I will stay fully engaged in the business until the end of the calendar year working with John and our leadership teams worldwide to build on our momentum in the marketplace and bring our business plans to fruition."
"Phil has led LS&CO. through a successful business turnaround, and he will be leaving an impressive legacy of achievement," said Bob Haas, the company's chairman. "Thanks to Phil, we have significantly improved our competitiveness across all dimensions of the business. Our upgraded Levi's(R) and Dockers(R) product lines are resonating with consumers again, and with the launch of the Levi Strauss Signature(R) brand we have expanded our market reach to include value-conscious shoppers in the sizeable mass channel.
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