Gap Inc promotes Sonia Syngal to chief executive role
Gap Inc has appointed Sonia Syngal as its new chief executive.
Previously chief executive of Gap’s Old Navy brand, she will join Gap’s board of directors on 23 March.
The company said Syngal’s main priority will be to improve the performance of Gap’s portfolio of brands.
Bob Fisher, interim Gap Inc chief executive and current chairman, said: “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 over the long term.
“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.”
The company has also announced that board member Bobby Martin will be appointed as executive chairman. A former president and chief executive of Wal-Mart International, he has served on Gap Inc’s board since 2002.
In addition, Gap Inc has expanded its board to include Elizabeth Smith and Amy Miles. Smith is a fomer chief executive of Bloomin’ Brands and Smith is currently chief executive of Regal Entertainment Group. Both will take up their new positions on 1 April.
