Gap Inc.: CEO Sonia Syngal to Step Down & Horacio “Haio” Barbeito Appointed
13 July 2022, Mumbai:
Gap Inc. Announces CEO Sonia Syngal to Step Down and the Appointment of Horacio “Haio” Barbeito as President and CEO of Old Navy.
Executive Chairman Bob Martin to Serve as Interim Gap Inc. Chief Executive Officer.
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Gap Inc. announced today that president and chief executive officer Sonia Syngal will step down from her position and from the company's Board, departing the company following a brief transition. “Leading this great company and our 100,000-strong employees since 2020, through unprecedented challenges for our industry, and society has been an immense honor.
Through it all, Gap Inc. and its dedicated teams have seized change as an opportunity, restructured for future growth, crystallized unique brand identities rooted in cultural relevance, and fiercely chased transformation,” said Syngal.
The company also announced that Horacio “Haio” Barbeito will join the Gap Inc. Leadership Team as president and chief executive officer of Old Navy, where he will lead the brand in delivering on its unique value proposition, offering style, t, quality, and cultural relevance at jaw-dropping prices. Barbeito will join Old Navy on August 1.
“The company’s co-founders, Doris and Don Fisher, created a lasting and undeniable legacy for Gap Inc. as a company with a heart. It is a home for creatives, innovators, data scientists, operators, and customer advocates, to build their careers and break boundaries, just as it enabled me to do the same,” added Syngal.
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