San Francisco — Old Navy’s president and CEO, Nancy Green, recently exited the business. While an external search is underway, Gap Inc. CEO Sonia Syngal will work closely with the Old Navy team to lead through this transition until a new brand president is identified.
“We believe in the power and potential of the Old Navy brand and the contribution it will have as we execute our Power Plan strategy and drive value creation at Gap Inc.,” says Syngal. “As we look to seize Old Navy’s potential, particularly amidst the macro-economic dynamics facing our industry, we believe now is the right time to bring in a new leader with the operational rigor and creative vision to execute on the brand’s unique value proposition. I want to thank Nancy Green for her decades of leadership and passion for our brands and customers, as well as the communities we serve.”
Gap Inc., a collection of purpose-led lifestyle brands, is the largest American specialty apparel company offering clothing, accessories and personal care products for men, women and children under the Old Navy, Gap, Banana Republic and Athleta brands. For more information, visit www.gapinc.com.
SOURCE: Gap Inc.