Gap Inc. GPS, +1.86% shares fell more than 10% in the extended session Thursday after the retailer said that President and Chief Executive Officer Art Peck will step down from his position and from the company's board. Peck will "depart from the company after a brief transition," Gap said, without providing further details. Board Chairman Robert J. Fisher will also serve as interim president and chief executive officer, the company said.
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FYI hmeisler.