How new Gap CEO Sonia Syngal plans to turn around the company - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.After 15 years with the company and four years as CEO at Old Navy, Sonia Syngal is preparing to take over at the helm at Gap Inc. and has high hopes to turn around the ailing retailer.

"She's a passionate leader focused on moving fast, while driving a culture of accountability and alignment," Fisher said on the call. "She brings a wealth of institutional knowledge and the skills and experiences to best lead this company during this time." "Our performance had been lackluster over the last several years," Syngal said on Thursday's call. "Simply put, we have fallen short in execution and have not fully monetized our brands, our assets, and the capabilities we have been investing in. There is much work ahead for us to strengthen the performance of the company and the portfolio, but I believe in the potential of this company and of our team.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves after hours: Slack, Gap, Broadcom and moreStocks making the biggest moves after hours: Slack, Gap, Broadcom & more
Source: CNBC - 🏆 12. / 72 Read more »

Oracle's CEO says coronavirus impact on the company is still unclear - Business InsiderOracle CEO Safra Catz said the pandemic's impact on its business is unclear and it's been largely 'business as usual.' Software for remote working ideas cause peeps be on lockdown
Source: BusinessInsider - 🏆 729. / 51 Read more »

Zapier CEO's advice for managing and running remote companies - Business InsiderZapier has always been an all remote company —now its CEO shares tipsfor managing a workforce new to working from home amid the coronavirus outbreak.
Source: BusinessInsider - 🏆 729. / 51 Read more »