News Formal

The Gap CEO is leaving. The company's stock lost more than half its value since he started

  • 📰 CNN
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Gap CEO Art Peck is stepping down ahead of the company's spinoff of its powerhouse Old Navy line, the company announced

New York Gap chief executive Art Peck is stepping down ahead of the company's spinoff of its powerhouse Old Navy line, the company announced Thursday.

Peck, who has been at the company for nearly 15 years and has served as CEO since 2015, will be replaced after a brief transition by interim chief executive Robert Fisher, a son of the Gap's founders and currently the company's non-executive board chairman. Fisher has been with Gap for 35 years.Peck, among the highest-paid chief executives in retail, has presided over several years of sales declines at the Gap brand.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

That is because we now have an economy where competition now exists. You love Gap, then go buy their schitt at the discount store!

✌🏻

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Gap stock falls 10% on news CEO Art Peck will leave companyGap Inc. shares fell more than 10% in the extended session Thursday after the retailer said that President and Chief Executive Officer Art Peck will step... FYI hmeisler.
Source: MarketWatch - 🏆 3. / 97 Read more »