![]() Here’s what the next CEO will fall into at Gap She will be replaced by an interim CEO while the company searches for a permanent leader. On Monday, the company announced CEO Sonia Syngal would step down after less than three years. The company’s other brands, including Old Navy and Banana Republic, have also struggled. has you covered, from the cradle to the grave,” the New York Times said in 1992.īut sales at the flagship Gap brand have slumped for years and it has become an afterthought for many American shoppers. “As ubiquitous as McDonald’s, as centrally managed as the former Soviet Union and as American as Mickey Mouse, the Gap Inc. Here's whyĪt the time it was a symbol of cool and casual style. Carts are brought into a Target store on in Miami, Florida.
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