San Francisco — Gap Inc.’s board of directors has named Sonia Syngal, an accomplished retail leader and CEO of the portfolio’s Old Navy business since 2016, as the company’s next chief executive officer, effective March 23. She will also join the Gap Inc. board. Her top priority will be strengthening the performance of the portfolio. “To lead the company into its next chapter, we sought a dynamic leader who could bring a deep respect for our customers and make the decisions necessary to deliver value from our portfolio of brands …
Bobby Martin
San Francisco — Gap Inc.’s president and chief executive officer, Art Peck, will step down from his position and from the company’s board. Peck will leave Gap after a brief transition. Effective immediately, Robert J. Fisher, the company’s current non-executive chairman of the board, will also serve as president and CEO on an interim basis. Additionally, the board has appointed Bobby Martin, chair of its compensation and management development committee, as lead independent director. “On behalf of the entire board, I want to thank Art for his many contributions to …