Starting with the 2013 fiscal year, San Francisco-based Gap Inc. is combining its North American, international, online, outlet and franchise divisions under a single global executive for each of its Gap, Banana Republic and Old Navy brands. In addition, the company is forming a new innovation and digital strategy team.
“Our strong performance gives us the confidence to make this move to bring each brand together with the goal of gaining market share around the world and enhancing shareholder value,” says Glenn Murphy, chairman and ceo, Gap Inc. “The global teams will move even faster in anticipating and responding to the ever-evolving needs of customers, delivering consistently great product around the world.”
Beginning November 5, the following members of the company’s management team will begin to transition into new roles:
• Steve Sunnucks, a 30-year retail veteran and the current president of the Gap Inc. international division, will become global president, Gap, based in New York.
• Art Peck, the current president of Gap North America who has led the successful resurgence of the company’s flagship brand, has been appointed president of the new innovation, digital strategy and new brands division.
• Jack Calhoun, the established president for North America, will become global president for Banana Republic and expand his focus to include all channels and markets globally.
• At Old Navy, Stefan Larsson will serve as global president.
Focusing on growth in China for its brands, the company’s current team in Shanghai, led by Redmond Yeung and Jeff Kirwan, will be overseen by Murphy in the new fiscal year. Nancy Green, product leader for Old Navy, will assume a new role supporting China with responsibility for guiding the product assortment and merchandise for the market.
Gap Inc. operates its five brands in more than 3200 stores around the globe.