While a search is underway for Athleta’s next president, the brand’s well-established leadership team will report to Gap Inc president and chief executive officer Art Peck, said Gap Inc in a media statement.
Green has over thirty years of retail leadership experience, with a demonstrated track record leading high growth businesses with breakthrough product and marketing. Prior to joining Athleta in 2013, Green served as EVP and chief creative officer at Old Navy, leading the merchandising, design and production teams. During this time, the brand focused on innovation in core categories, launching new and expanding businesses and healthy, profitable growth. Green also served as interim co-leader of Old Navy in 2012.
“Nancy’s ability to drive growth is demonstrated by Athleta’s success. Under her leadership, the brand more than doubled sales with operating margin expansion due to a robust omni business fuelled by a clear brand vision woven throughout product and experiences. Our expectation is for Athleta to reach $1 billion in sales in 2020,” said Peck. “This will be Nancy’s third senior leadership assignment with Old Navy, and I am confident that she will guide further growth as we set Old Navy up for success as an independent public company.”
“I’m thrilled to have Nancy join Old Navy, bringing with her decades of experience in launching and expanding brands, product categories and new business models,” said Syngal. “As we chart the course for Old Navy’s future, I look forward to Nancy injecting new ideas centered on fun, family, fashion and value that will further enable us to democratise style for our millions of customers around the world.”
Gap Inc is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, Janie and Jack, and Hill City brands. (PC)
Fibre2Fashion News Desk – India