Gap Inc. Announces Old Navy President Stefan Larsson to Depart Company
September 29 2015 - 4:15PM
Business Wire
Gap Inc. (NYSE: GPS) today announced that Stefan Larsson will
step down as global president of Old Navy effective October 2,
2015. Jill Stanton, executive vice president of Global Product at
Old Navy, will lead the division in the interim, reporting to Gap
Inc. Chief Executive Officer Art Peck. A search for a new global
brand president is already under way.
“We have an impressive team at Old Navy, with some of the best
creative and business talent in the industry, and they are
delivering consistent results,” said Peck. “We have a clear
strategy in place, and I have every confidence the brand will
continue to build on its momentum and realize its substantial
growth potential.”
Stanton is a proven industry veteran with more than 25 years
experience, including almost 14 years at Nike where she served as
vice president and general manager of global apparel.
About Gap Inc.
Gap Inc. is a leading global retailer offering clothing,
accessories, and personal care products for men, women, and
children under the Gap, Banana Republic, Old Navy, Athleta, and
Intermix brands. Fiscal year 2014 net sales were $16.4 billion. Gap
Inc. products are available for purchase in more than 90 countries
worldwide through about 3,300 company-operated stores, over 400
franchise stores, and e-commerce sites. For more information,
please visit www.gapinc.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150929006829/en/
Gap Inc.Investor Relations Contact:Jack Calandra,
415-427-1726Investor_relations@gap.comorMedia Relations
Contact:Kari Shellhorn, 415-427-1805Press@gap.com
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