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Stock impact report

Gap Inc. Announces Nancy Green to Join Old Navy as President and Chief Creative Officer

Gap, Inc. (The) (GPS) 
Last gap, inc. (the) earnings: 3/12 04:15 pm Check Earnings Report
Company Research Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--Gap Inc. (NYSE: GPS) today announced that Nancy Green, who currently leads the Athleta brand, will shift in early August to a newly created role as President and Chief Creative Officer of Old Navy. In this new role, Nancy will lead Old Navy’s design, production, merchandising and marketing functions, and will report to Sonia Syngal, President and CEO of Old Navy.While a search is underway for Athleta’s next president, the brand’s well-established leadership team will report to Gap Inc. Chief Executive Officer Art Peck.“Nancy’s ability to drive growth is demonstrated by Athleta’s success. Under her leadership, the brand more than doubled sales with operating margin expansion due to a robust omni business fueled by a clear brand vision woven throughout product and experiences. Our expectation is for Athleta to reach $1 billion in sales in 2020,” said Art Peck, President and CEO, Gap Inc. “This will be Nancy’s third senior leadership assignment with Ol Show less Read more
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