With Gap Inc.’s CEO Out and Sales Falling, Who Will Turn the Company Around?

Nov 12, 2019 - Fortune
Board and Executive Moves-Financial Results

In September, Gap Inc.’s CEO Art Peck hosted an analyst day to sell the decision to spin-off Old Navy to the financial community. Now, after four years at the helm, Peck is out, leaving declining sales, uncertainty about an Old Navy spin-off, and a big question about who can reimagine an iconic American retailer.

“Obviously this was not planned,” said David Swartz, equity analyst for Morningstar.  “Christmas is a bad time to have to replace your CEO.” 

Under normal circ...