Gap: promotes Old Navy unit chief to group CEO
(CercleFinance.com) - US fashion retailer GAP said that it has promoted Sonia Syngal, the CEO of its Old Navy brand, as the company's next chief executive, effective as of 23 March.
Syngal has overseen Old Navy's sales rising from 7 billion dollars to 8 billion dollars in just three years, since she took charge in 2016, while expanding the brand's North American presence to more than 1,200 stores in the US, Canada and Mexico, Gap said.
Old Navy's e-commerce site is now the fourth biggest apparel site in the US.
In her new role, Syngal's top priority will be to strengthen the portfolio's performance, Gap said.
The company also announced that board member Bobby Martin, a former Wal-Mart executive, will take the role of executive chairman, also effective on 23 March.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
Syngal has overseen Old Navy's sales rising from 7 billion dollars to 8 billion dollars in just three years, since she took charge in 2016, while expanding the brand's North American presence to more than 1,200 stores in the US, Canada and Mexico, Gap said.
Old Navy's e-commerce site is now the fourth biggest apparel site in the US.
In her new role, Syngal's top priority will be to strengthen the portfolio's performance, Gap said.
The company also announced that board member Bobby Martin, a former Wal-Mart executive, will take the role of executive chairman, also effective on 23 March.
Copyright (c) 2020 CercleFinance.com. All rights reserved.