Old Navy Execs Leave Two More Gaps

Just a day after the announced resignation of Jim Nevins as vp of marketing for the Gap brand, Gap Inc. announced two more executive resignations. Executive vp of marketing Richard Crisman and head of finance Charles Ferer officially stepped down from their positions with the Old Navy division.

Crisman decided not to return to his marketing job since having been on medical leave recently. He joined Gap in 1988 and may return to the company in a different role. Ferer's reasons for leaving are not certain. He became vp of finance in August 1999 and resigned earlier this month, though the official announcement of his resignation wasn't made until yesterday.