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Gap Names Insider As CEO, Founder's Son Steps Down

  • CNBC, Friday, March 6, 2020 8:33 AM
Sonia Syngal, who has been leading the Old Navy business since 2016, has been tapped to be CEO of Gap Inc. effective March 23. Earlier this year, Gap called off plans to split Old Navy into a separate public company. Robert Fisher, the son of Gap’s founders, Donald and Doris Fisher, is stepping down as executive chairman and will be replaced by current board member Bobby Martin.  Gap is also adding former Bloomin’ Brands CEO Elizabeth Smith and former Regal Entertainment Group CEO Amy Miles to its board.

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