Written by Daphne Howland.
- Gap Inc. on Thursday announced that longtime CEO and President Art Peck will step down from those roles and his board position, after a brief transition.
- Board Chairman Robert Fisher, of the founding Fisher family, has taken the job of interim chief executive, effective immediately, according to a company press release. Fisher has worked at the company for 35 years in various senior executive positions, including interim president and chief executive officer. He’s been on the board since 1990 and has served as non-executive chairman since 2015, the company said.
- The company had previously said that Peck would take the reins at the entity, also to be known as Gap Inc., (comprising the Gap brand, Athleta and a slew of smaller brands) once its well-performing Old Navy discount banner is spun off early next year.
Click here for more information.