Gap Inc. announced that its 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 of Directors. As Gap Inc.’s new CEO, Syngal’s top priority will be strengthening the performance of the portfolio.
Since joining Gap Inc. in 2004, she has served in key leadership and general management roles including Managing Director for the company’s Europe business, Senior Vice President for Gap Inc.’s International division and International Outlet division.
Prior to joining Gap Inc, Sonia had a long career in Fortune 500 product companies, including Sun Microsystems where she led manufacturing operations, logistics and supply chain management, and at Ford Motor Co. where she held roles in product design, quality and manufacturing engineering.
Bob Fisher, interim Gap Inc. CEO and current chair of the Gap Inc. Board of Directors, said, “Sonia has all of the characteristics and experiences needed to effectively execute against the work ahead. She is an excellent operator who drives innovation and decisive action, and she leads with both vision and heart.”
“It’s an honor to build on this company’s rich heritage and lead our nearly 130,000 employees in transforming our business and operations to successfully compete in the future,” said Sonia. “I’m committed to fully realizing the potential of our portfolio and the advantage of our scale, with a focus on strengthening the love that our millions of customers have for our brands. To do that, we must better prioritize initiatives and capabilities that will improve execution and drive value creation.”
The company also announced that Board member Bobby Martin will take the role of Executive Chairman, effective March 23. Two New Members to Join Gap Inc.’s Board of Directors: Elizabeth Smith and Amy Miles, effective April 1.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, Janie and Jack, and Hill City brands. Gap Inc. products are available for purchase in more than 90 countries worldwide through company-operated stores, franchise stores.
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