India-born Syngal, moved to Canada and later to the US with her family when she was a child. Syngal is expected to deliver value from the portfolio of brands over the long term.
Gap owns brands like Old Navy, Banana Republic, Athleta, and Hill City. The company’s management structure will be slimmed down in order to speed up decision making as well as a refreshed senior compensation plan, based around performance and accountability. Gap is currently the largest specialty retailer in the United States, with 1,35,000 employees and 3,727 stores worldwide, including 2400 in the US. She went on to become CEO of Old Navy, Gap’s value chain, after leading the portfolio’s global supply chain and product-to-market model, and serving as managing director of Gap in Europe. Syngal has earlier been with Sun Microsystems and Ford. The group also incorporated two other members to its board of directors: Elizabeth Smiths, former CEO of Bloomin’ Brands, and Amy Miles, who served as CEO of Regal Entertainment.Sonia Syngal is the CEO of Gap. The executive was CEO of Walmart, director of Dillard’s and formed part of Gap’s board of directors since 2002. On the other hand, Bobby Martin will be appointed executive chairman, also effective from March 21. However, the project was cancelled earlier this year. Given the good evolution of Old Navy, the former CEO of gap, Art Peck, proposed splitting the chain into two new listed companies. Syngal joined Gap in 2004 deriving from other large corporations such as Sun Microsystems and Ford.īefore taking the reigns of Old Navy, Syngal was responsible of the company’s business in Europe and executive vice president for the supply chain, among other managing roles. With Syngal at the helm of Old Navy, it increased its sales from 7 billion dollars to 8 billion dollars in three years and expanded its presence to more than 1,200 stores in North America. Sonia Syngal joined Gap in 2004 and since 2016 she has lead Old Nayv “We sought a dynamic leader who could bring a deep respect for our customers and make the decisions necessary to deliver value from our portfolio of brands over the long term,” said Bob Fisher, the current interim CEO. Syngal will also be joining the group’s board of directors. Her appointment will be effective from March 23.
Fisher, who occupied the position on an interim basis since the exit of Art Peck last September.
Syngal chief executive officer of Old Navy since 2016, leading the expansion of the best-performing brand in the group. The American group, fourth-largest fashion retailer in the world, has named Sonia Syngal as its new CEO.
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