Senior management reshuffle at Gap

Gap has announced the promotion of two successful current executives, with 35 years of combined company experience between them, to become global brand presidents for Gap and Banana Republic. The moves were orchestrated by Art Peck as he prepares to take on the role of Chief Executive Officer of Gap in February, with the support of current Chairman and Chief Executive Officer Glenn Murphy.

“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, adding, “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.”