Privately held clothes giant Levi Strauss said John Anderson will become its president and chief executive when Phil Marineau retires on Nov. 26. Anderson was named chief operating officer earlier this month when Marineau's intention to retire was first disclosed. Prior to that, the 55-year-old Anderson led the company's global supply chain organization since 2004 and the Asia Pacific division of Levi Strauss since 1999. "John is an excellent choice to lead LS&CO to sustained, profitable growth," Marineau said. "John has consistently delivered exceptional results in various leadership roles worldwide and has a tremendous following in the company. Based on his long and extensive service with LS&CO, John is keenly aware of what it will take to continue to build our brands and businesses globally." Anderson joined LS&CO in 1979 as a product manager in Australia. Levi Strauss also said five members of its 14-member board stepped down from the board as part of a plan to reduce its size. "We are taking this action now in line with current corporate best practices, which for us means a smaller board and a higher proportion of non-family, independent outside directors," the company said.