sonia syngal

Gap Inc. CEO to Step Down; Old Navy Names New President/CEO

by Katie Lee July 12, 2022

San Francisco — Gap Inc.’s president and chief executive officer, Sonia Syngal, will step down from her position and from the company’s board, departing the company following a brief transition. In other executive leadership news, Horacio (“Haio”) Barbeito will serve as president and CEO of Old Navy. Effective immediately, Bob Martin, the company’s current executive chairman of the board, will serve as Gap Inc. president and CEO on an interim basis. Mayo Shattuck will continue to serve as lead independent director. “Leading this great company since 2020, through unprecedented challenges …

July 12, 2022

News people retailers

Old Navy President & CEO Departs

by Katie Lee May 4, 2022

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 …

May 4, 2022

News retailers

Gap Inc. to Shutter 350 Stores, Transition Focus from Malls to E-Commerce

by Katie Lee October 23, 2020

San Francisco — Gap Inc., a longtime apparel tenant in enclosed regional malls nationwide, has announced plans to close 350 stores under its Banana Republic and Gap banners in an effort to transition focus to e-commerce and off-mall retail locations. Store closures are scheduled for completion by fiscal year 2023, which ends Feb. 1, 2024, with 75% scheduled to close in 2021. By that time, the company expects 80% of its revenue to come from e-commerce and off-mall locations, including street-front retail stores and shops in strip and outlet centers. …

October 23, 2020

News people retailers

Gap Inc. Confirms New President and CEO of Old Navy

by Katie Lee October 9, 2020

San Francisco — Gap Inc. has appointed Nancy Green as the president and CEO of Old Navy, the company’s largest brand. Green will report to Sonia Syngal, CEO of Gap Inc., and will serve on the company’s senior leadership team. Green has served as interim head of Old Navy since March and was previously president and chief creative officer of the brand. “Nancy is a visionary leader who brings deep customer empathy to her role every day. She has led the brand through one of the most challenging periods in …

October 9, 2020

News people retailers

Gap Inc. Names New Chief Executive Officer

by Katie Lee March 5, 2020

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 …

March 5, 2020

News people retailers

Gap Inc. No Longer Pursuing Separation of Old Navy

by Katie Lee January 17, 2020

San Francisco — Gap Inc. no longer intends to separate Old Navy into a standalone public company. Additionally, the company has announced that Neil Fiske, president and CEO of Gap brand, will leave the company. “The plan to separate was rooted in our commitment to value creation from our portfolio of iconic brands,” says Robert Fisher, Gap Inc. interim president and chief executive officer. “While the objectives of the separation remain relevant, our board of directors has concluded that the cost and complexity of splitting into two companies, combined with …

January 17, 2020

News people retailers

Gap Inc. Selects New Global President For Old Navy

by Katie Lee April 14, 2016

San Francisco — Gap Inc. has selected Sonia Syngal as Old Navy’s global president, effective immediately, to lead the brand’s continued reinvention of the value space. She will continue to report to Gap Inc. CEO Art Peck.

April 14, 2016