Levi Strauss & Co. Appoints New CFO John Vandemore

What Happened Levi Strauss & Co. announced on September 30, 2026 that John Vandemore will become Executive Vice President, Chief Financial Officer, effective November 1, 2026. Vandemore, 53, joins from Skechers U.S.A., where he served as CFO since November 2017, and previously was EVP Divisional CFO at Mattel (Sept. 2015–Oct. 2017). His employment is at-will.

Key Details

• Base salary: $1,350,000 per year; target annual bonus: 110% of base salary under the Company’s Annual Incentive Plan.
• Annual equity grants beginning in 2027 targeted at $4,250,000 aggregate fair value, comprised of: $1,062,500 in time‑based RSUs (4‑year ratable vesting), $2,125,000 in performance RSUs (3‑year performance goals), and $1,062,500 in SARs (4‑year ratable vesting).
• One-time sign-on award to replace forfeited compensation from prior employer: $4,000,000 cash (50% at hire, 50% after six months), $5,500,000 RSU grant and $5,500,000 SAR grant (each vesting 50% at 1 year, then 25% at years 2 and 3). Repayment and continued-vesting provisions apply in certain termination scenarios.
• Equity awards subject to the Company’s 2019 Equity Incentive Plan and the Company’s Senior Executive Severance Plan; detailed offer and award agreements will be filed with the Company’s next Form 10‑K.

Why It Matters A new CFO is a material leadership change for investors: Vandemore brings experience from major consumer goods companies, and his compensation package signals a significant investment by Levi’s to secure finance leadership (large sign-on cash and equity awards). The sign-on and ongoing equity grants will affect future compensation expense and potential share dilution over time; vesting and severance terms also determine how awards behave if Vandemore departs. The filing provides the key economic terms but refers to formal agreements to be filed later for full details.