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Fortune

Emma Hinchliffe, Nina Ajemian

EXPLAINED: Levi strauss ceo michelle gass eyes women s clothes | Rare Historical Photos

Michelle Gass Levi Levi Strauss Chip Bergh Fortune Phil Wahba

Michelle Gass at Fortune's MPW Summit in California (Credit: Kristy Walker/Fortune)

Good morning! Theranos founder Elizabeth Holmes's conviction is upheld, TIAA president and CEO Thasunda Brown Duckett talks retirement insecurity, and women are key to growth at Levi Strauss.

- A 'denim lifestyle.' CEO Michelle Gass is months into her new strategy at Levi Strauss—but don't call it a turnaround. "It’s not a turnaround, we have an incredibly strong foundation," she tells my colleague Phil Wahba in his new feature story for Fortune.

Gass became CEO of Levi Strauss just over a year ago after a much-lauded handoff from her predecessor, Chip Bergh. Bergh is known for revitalizing the Levi's brand, while Gass, the former CEO of Kohl's, was tapped to turn it into a major retailer in its own right, not just a brand sold in others' stores.

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