Gap Inc. Announces Banana Republic Brand President to Depart Company
25 January 2017 - 8:15AM
Business Wire
Gap Inc. (NYSE: GPS) today announced that Andi Owen, global
brand president of Banana Republic, will leave the company in late
February. While a search is underway for Banana Republic’s next
president, Gap Inc. Chief Executive Officer Art Peck will directly
oversee the brand.
“Andi has been an accomplished leader at Gap Inc. playing a
number of key roles across Banana Republic, Old Navy and Gap,” said
Peck. “I am grateful for her partnership and for Andi’s many
contributions to the company during her 25-year tenure.”
“During her time with Banana Republic, Andi led critical work
improving the brand’s aesthetic and product quality and moved the
brand to a full omni-channel assortment. While these improvements
have been important steps forward, we have significant work to do
in order to consistently win with customers. Andi and I agreed that
now was an appropriate time for a change in leadership,” Peck
continued.
Since joining Gap Inc. in 1991, Owen has held a wide variety of
leadership roles at the company, including executive vice president
and general manager for Gap Global Outlet and senior vice president
and general manager for Banana Republic Factory Stores.
About Gap Inc.
Gap Inc. is a leading global retailer offering clothing,
accessories, and personal care products for men, women, and
children under the Gap, Banana Republic, Old Navy, Athleta, and
Intermix brands. Fiscal year 2015 net sales were $15.8 billion. Gap
Inc. products are available for purchase in more than 90 countries
worldwide through about 3,300 company-operated stores, about 450
franchise stores, and e-commerce sites. For more information,
please visit www.gapinc.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170124006435/en/
Gap Inc.Investor Relations Contact:Tina Romani,
415-427-5264Investor_relations@gap.comorMedia Relations
Contact:Jennifer Poppers, 415-427-1729Press@gap.com
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