© Reuters. FILE PHOTO: The signage of Levi Strauss & Co. store is seen at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022. REUTERS/Andrew Kelly
(Reuters) – Levi Strauss & Co (NYSE:) on Tuesday named current Kohl’s Corp (NYSE:) Chief Executive Officer Michelle Gass as its next CEO, replacing Chip Bergh.
Gass will leave Kohl’s in December to become president of Levi’s and will report to Bergh before taking over as chief executive within the next 18 months.
Kohl’s said Tom Kingsbury, a director on the department store chain’s board and former Burlington Stores (NYSE:) Inc chief executive, will serve as interim CEO from Dec. 2.
Kohl’s shares rose 11% in premarket trading, after it also forecast better-than-expected third-quarter earnings.
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