San Francisco — Gap Inc.’s Nancy Green, who currently leads the Athleta brand, will shift in early August to a newly created role as president and chief creative officer of Old Navy. In this new role, Nancy will lead Old Navy’s design, production, merchandising and marketing functions, and will report to Sonia Syngal, president and CEO of Old Navy.
While a search is underway for Athleta’s next president, the brand’s well-established leadership team will report to Gap Inc. CEO Art Peck.
“Nancy’s ability to drive growth is demonstrated by Athleta’s success. Under her leadership, the brand more than doubled sales with operating margin expansion due to a robust omni business fueled by a clear brand vision woven throughout product and experiences. Our expectation is for Athleta to reach $1 billion in sales in 2020,” says Peck. “This will be Nancy’s third senior leadership assignment with Old Navy, and I am confident that she will guide further growth as we set Old Navy up for success as an independent public company.”
Green has more than 30 years of retail leadership experience. Prior to joining Athleta in 2013, Green served as executive vice president and chief creative officer at Old Navy, leading the merchandising, design and production teams. Green also served as interim co-leader of Old Navy in 2012.
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.