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Gap Names Tom Wyatt as President of Old Navy
(Wireless News Via Acquire Media NewsEdge)
Gap announced that Tom Wyatt has been named president of its Old Navy
division.
Wyatt, a 30-year retail veteran, has been serving as interim president
of the retailer since February.
"Old Navy retains a strong place in the hearts and minds of customers,
and I'm confident that -- with Tom as president -- more shoppers will
rediscover the fun and value that's unique to this brand," said Glenn
Murphy, chairman and CEO of Gap. "In the last six months, Tom unified
the organization and brought renewed focus to our customer target,
while making the tough changes necessary to get the brand back on
track. He is the ideal business leader for Old Navy."
In addition, Murphy announced the company's intention to name, in the
near term, an executive-level merchant for Old Navy, who will work
side-by-side with Wyatt in guiding the product strategy for the brand.
"Tom and I are actively looking for a powerhouse merchant who can be
the creative force behind our product strategy as we build upon the
positive steps our teams have taken to improve the product we'll offer
our customers this fall and holiday," said Murphy.
In his first actions as brand president, Wyatt made several changes to
his senior management team, effective immediately, including announcing
the departure of merchandising executive VP Sheryl Clark.
"All of us at Old Navy take seriously the opportunity and
responsibility we have to exceed the expectations of our customers. I'm
excited about working with this incredible team I've gotten to know as
we bring our customers back to Old Navy," Wyatt said today. "This is
the job of a lifetime."
Wyatt, 53, joined Gap in early 2006, and previously served as president
of the company's Outlet division until he joined Old Navy this year.
His 30 years of retail experience include: serving as president and CEO
of a mid-size athletic apparel company; president of Warnaco Intimate
Apparel; and a senior executive within the Saks family of companies.
Separately, the company announced that, Art Peck has been appointed
president of the Outlet division, which operates Gap Outlet and Banana
Republic Factory Stores.
Peck has been serving as interim president of Outlet since February
2008, and joined the company in 2005 as executive VP of corporate
strategy. Prior to Gap, Peck served for 23 years at the Boston
Consulting Group.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
((Distributed on behalf of 10Meters via M2 Communications Ltd -
http://www.m2.com))
((10Meters - http://www.10meters.com))
Copyright ? 2008 Wireless News
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