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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

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

✌🏻

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 4. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »