Friday, March 6, 2020

Gap Inc. taps insider as its next CEO; names exec chairman

Chain Store Age
Gap Inc. has selected the head of its fastest-growing brand as chief executive.

The struggling apparel giant named Sonia Syngal, CEO of Old Navy since 2016, as chief executive officer, effective March 23. She will also join Gap’s board. Syngal’s appointment comes shortly after Gap scrapped plans to split Old Navy into an independent public company, citing the cost and complexity involved in the move.. . . more