- Prachi Singh |
Gap Inc. has announced that Jeff Kirwan, president and CEO of Gap brand, has decided to leave the company. The company added that a search is underway for a new president of Gap brand. In the interim, Brent Hyder, current Gap Inc. EVP, global talent and sustainability will oversee the brand.
“Under Jeff’s leadership we made significant progress on the operating model of Gap brand. We have also seen the results of exceptional marketing and customer engagement reflected in increased traffic, improved sales and the strength of the digital business” said Art Peck, Chief Executive Officer of Gap Inc. in a media statement, adding, “While I am pleased with our progress in brand health and product quality, we have not achieved the operational excellence and accelerated profit growth that we know is possible at Gap brand. As we move into the brand’s next phase of development, Jeff and I agreed it was an appropriate time for a change in leadership.”
Prior to his current role, Hyder served as chief operating officer at Gap brand. He also served as vice president and general manager of Gap Japan K.K., leading all aspects of the company’s business in Japan.