Levi Strauss & Co. Executive Transition

Harmit Singh, Executive Vice President and Chief Financial and Growth Officer of Levi Strauss & Co., will transition to a Special Advisor role and subsequently retire. The company has initiated a search for his successor and Mr. Singh will continue in his current role until a successor is appointed, but no later than November 30, 2026. He will provide advisory services during this transition period and will receive his current salary, be eligible for an annual incentive award, and receive $3 million in cash severance, subsidized COBRA, and other benefits upon separation. This transition is not due to any disagreements regarding accounting principles or financial reporting. The company also announced that Michelle Gass, President and CEO, thanked Mr. Singh for his contributions over 13 years, highlighting his role in the company's public offering, DTC transformation, and financial strengthening. Mr. Singh expressed pride in the company's evolution into a diversified, global, direct-to-consumer business and confidence in its continued momentum.