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From February 2015 to November 2019, Art Peck was CEO of Gap Inc., [10] until he was replaced by Sonia Syngal in March 2020. [11] Syngal stepped down in July 2022, with executive chairman Bob Martin as interim CEO. [12] In February 2024, Gap appointed American fashion designer Zac Posen as Creative Director of Gap, and Chief Creative Officer ...
Within retail, these departures come after two years of relative stability for the industry.
Gap CEO Sonia Syngal to leave company, stock moves down. July 11, 2022 at 4:59 PM ...
Gap's shares were down 21% under Syngal's CEO tenure compared to a 43% rise in the S&P 500. No permanent CEO at the Gap yet. Likely inventory bulge exiting the lackluster second quarter of sales.
She led the company’s portfolio of lifestyle brands including Old Navy, Gap, Banana Republic, and Athleta, across all geographies and channels, with a team of more than 100,000 employees. At the time of her appointment as CEO in March 2020, Syngal was one of 37 women CEOs at Fortune 500 companies, and one of only three women CEOs of color.
Pressler left Disney in September of 2002 to become the chief executive at Gap Inc. after initially turning them down. [3] Gap was struggling with an over-expansion of store locations. Pressler brought in several other Disney executives. In summer 2004, he had Gap launch a new chain, Forth & Towne. He resigned on January 22, 2007. [7]
Syngal served as the CEO of Gap Inc. since March 2020 and had worked at the company for 18 years, including as the head of its Old Navy business. More from Footwear News Industry Moves ...
In September, Gap eliminated about 500 corporate workers across a range of departments as it struggled to protect margins and battled weak sales. As of Jan. 28, the apparel chain had about 95,000 ...