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

📆 08/11/2019 04:37:00
📰 CNN

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

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

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.

Escrever Comentário

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

✌🏻

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »