Gap Inc. Appoints New Chief Growth Officer and New President and CEO of Banana Republic

San Francisco — Gap Inc. has hired Asheesh Saksena to join the Gap Inc. senior leadership team as chief growth officer, a newly created position that will focus on executing the company’s strategic agenda, as well as leading growth initiatives for the future. In addition, the company also named Sandra Stangl as the new president and CEO of Banana Republic.

Saksena most recently served as president of Best Buy Health where he led the formation and operation of the brand’s strategic diversification into digital health after serving as the company’s chief strategic growth officer. He will join Gap Inc. in January 2021.

Stangl previously spent 23 years at Williams-Sonoma, where she held numerous leadership positions including president, Pottery Barn Brands, and launched two iconic brands: Pottery Barn Kids and Pottery Barn Teen. Stangl was president, chief merchandising & new business development officer for Restoration Hardware. Most recently, she co-founded and was the chief merchant of MINE, a disruptive pure-play home business. Stangl will join Banana Republic in December 2020.

Gap Inc. is a leading global retailer whose brands include Old Navy, Gap, Banana Republic, Athleta, Intermix, Janie and Jack, and Hill City. For more information, visit www.gapinc.com.

 

SOURCE: Gap Inc.

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