San Francisco — Gap Inc.’s executive vice president and chief financial officer, Sabrina Simmons, will be leaving the company. Simmons will remain with Gap Inc. through the end of the 2016 fiscal year, ensuring a seamless transition over the coming months.
“Throughout her 15-year tenure, Sabrina has been one of our most passionate and respected leaders. She was critical in establishing Gap Inc.’s capital structure framework and maintaining operating discipline across the enterprise, both of which have delivered significant value to our shareholders,” says Art Peck, chief executive officer of Gap Inc.
Since joining Gap Inc. in 2001, Simmons has progressed through positions of increasing responsibility from vice president and treasurer to executive vice president. Simmons has served as the company’s CFO since late 2007. Most recently, her responsibilities have included all global financial functions, including corporate and brand financial planning and analysis, treasury, risk management, tax, investor relations, controllership, corporate shared service centers and internal audit, in addition to real estate, loss prevention and corporate facilities.
Gap Inc. is a leading global retailer whose brands include Gap, Banana Republic, Old Navy, Athleta and Intermix. Gap Inc. products are available in more than 90 countries worldwide through about 3,300 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, visit www.gapinc.com.
SOURCE: Gap Inc.