In yet another of an alarming string of executive resignations, Gap Inc.'s senior vp of real estate has decided to step down. Scott Olivet came to the Gap two and a half years ago and had been responsible for real estate and corporate architecture and construction.
Olivet's responsibilities will be split into two management structures. The corporate-architecture and construction portion will be headed by Greg Poole, a senior vp at the Gap. He will oversee all store and office building construction and remodeling. While no one has been chosen to officially take over the new-store real estate division, Anne Gust, Gap's chief administrative officer, will handle the task in the meantime.
The departure follows a list of others in the last month, including the Gap brand's head of marketing and both Old Navy's cfo and head marketing executive.