Retail in Asia

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Gap appoints 2 global brand presidents to lead company in next decade

Gap announced on Thursday the promotion of two executives to the position of global band presidents for Gap and Banana Republic. The two executives have 35 years of combined company experience and are expected to lead the company in the next decade.

The announcement was made by incoming CEO Art Peck as he prepares to take on the role as chief executive in February.

“We’ll start 2015 with a management team comprised of both established executives and the next generation of brand leaders ready for the next generation of customers,” said Peck. “We’ve provided a transition period that allows our teams to deliver a successful holiday, while gearing up for a future where great product, showcased seamlessly across physical and digital experiences, consistently delights our customers.”

Gap’s new global brand president for Gap is Jeff Kirwan, who has reported to Murphy for the past three years as president of greater China for Gap Inc. He succeeds Stephen Sunnucks, who will leave the company on 19 December, after steering the growth of its namesake brand to almost 50 countries over the past decade.

Meanwhile, Andi Owen, who currently leads the Gap Outlet division, will become Global President for Banana Republic, effective 5 January. She succeeds Jack Calhoun, who is credited with pioneering innovative concepts while creating an impressive global economic model for Banana Republic.

“These are important changes within the company, and I’ve been impressed with both Jeff and Andi’s development during our work together these past eight years. We’ve prepared leaders, with experience across all aspects of the global business, who are ready and eager for the challenges and the opportunities ahead,” said Gap Inc. Chairman and CEO Glenn Murphy.