American retailer Gap Inc. recently named Sonia Syngal as its CEO, effective March 23, 2020. Syngal will be responsible for steering Gap’s next growth chapter, strengthening the performance of the portfolio.
Commenting on her new role, Syngal said, “It’s an honour to build on this company’s rich heritage and lead our nearly 130,000 employees in transforming our business and operations to successfully compete in the future. I’m committed to fully realising the potential of our portfolio and the advantage of our scale, with a focus on strengthening the love that our millions of customers have for our brands. To do that, we must better prioritise initiatives and capabilities that will improve execution and drive value creation.”
The Gap Inc portfolio includes Athleta, Banana Republic, Hill City, Intermix, Janie and Jack and Old Navy. And Syngal led the Old Navy business as CEO from 2016. Under her leadership, Old Navy clocked from $7 billion to $8 billion in sales in just three years, expanding its North American presence to more than 1,200 stores in the US, Canada and Mexico, scaling its e-commerce site and building competitive omnichannel capabilities.
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