Gap CEO Sonia Syngal is stepping down, effective immediately
Sonia Syngal, president and chief executive officer of Old Navy Inc., speaks during the Fortune’s Most Powerful Women Summit in Washington, D.C., on Tuesday, Oct. 22, 2019.
Sarah Silbiger | Bloomberg | Getty Images
Gap Inc. Chief Executive Officer and President Sonia Syngal is stepping down, effective immediately, the apparel retailer announced on Monday.
She will stay for a brief transition period, while Bob Martin, the company’s current executive chairman of the board, will serve as interim president and CEO, Gap said.
Gap shares fell around 2% in after-hours trading on the news.
This is breaking news. Please check back for updates.
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This article was originally published by Cnbc.com. Read the original article here.