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To be sure, Gap enters the second half of the year in chaos mode and in bad need of a leader to take charge. Last week, Gap fired CEO Sonia Syngal after another quarterly sales warning — its ...
Gap CEO Sonia Syngal to leave company, stock moves down. July 11, 2022 at 4:59 PM ...
Gap's shares were down 21% under Syngal's CEO tenure compared to a 43% rise in the S&P 500. No permanent CEO at the Gap yet. Likely inventory bulge exiting the lackluster second quarter of sales.
Sonia Syngal, CEO, Gap Inc. Syngal was born to Sushma and Satya Syngal in India, before her family moved to Canada at a young age. She later moved to the United States where she got her bachelor's degree in Mechanical Engineering from Kettering University in 1993.
Syngal served as the CEO of Gap Inc. since March 2020 and had worked at the company for 18 years, including as the head of its Old Navy business. More from Footwear News.
[12] [13] During his time at Gap Inc. he had worked alongside Steve Jobs, who was a board member of Gap Inc. at the time and a friend of Drexler. [ 14 ] On May 22, 2002, however due to a sales slump and ballooning debt, plus his management style which clashed with the Fisher family, Drexler was abruptly forced to announce his retirement by Gap ...
From February 2015 to November 2019, Art Peck was CEO of Gap Inc., [10] until he was replaced by Sonia Syngal in March 2020. [11] Syngal stepped down in July 2022, with executive chairman Bob Martin as interim CEO. [12] In February 2024, Gap appointed American fashion designer Zac Posen as Creative Director of Gap, and Chief Creative Officer ...
Within retail, these departures come after two years of relative stability for the industry.