Gap replaced CEO Sonia Syngal after just over two years in the job, making her the latest leader who has been unable to help the casual wear company regain its status among North American shoppers. Americans.
The clothing retailer said Monday that its chief executive, Bob Martin, a former Walmart executive, would act as interim CEO with effect immediately while seeking a permanent replacement. The company also said it hired Walmart executive Horacio Barbeito to take over as CEO of the Old Navy chain. Gap said Ms Syngal also resigned from the company board.