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StockNews.com
StockNews.com
Business
Anushka Dutta

Gap CEO Steps Down. Should We Take Advantage of the Stock’s Downward Move?

Gap GPS Fashion Luxury Old Navy

Apparel retail company The Gap, Inc. (GPS) offers apparel, accessories, and personal care products under the Old Navy, Gap, Banana Republic, and Athleta brands.

On July 11, GPS announced that Chief Executive Officer Sonia Syngal would step down from her position on the company’s board. Bob Martin, the company's current executive chairman of the Board, was appointed interim and chief executive officer effective immediately. GPS also announced that Horacio "Haio" Barbeito would join as president and chief executive officer of Old Navy.

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