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Gap Inc. CEO Sonia Syngal to Exit

The mall retailer has also tapped Horacio “Haio” Barbeito as chief executive of its Old Navy brand.
American mall retailer Gap Inc.'s logo.
Gap Inc. projects a drop in second-quarter sales due to rising supply chain costs. (Shutterstock)

Gap Inc. chief executive and president Sonia Syngal will step down effective immediately, the company announced Monday. She was

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Further Reading

Is It Time for Gap Inc. to Go Private?

Marketshare is shrinking, discounts are deepening and the group’s once-powerful grip on the consumer has disintegrated. As a public company, its options are limited.

About the author
Cathaleen Chen
Cathaleen Chen

Cathaleen Chen is Retail Editor at The Business of Fashion. She is based in New York and drives BoF’s coverage of the retail and direct-to-consumer sectors.

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