NEW YORK — Gap Inc. has revealed that its CEO and president Sonia Syngal is stepping down from her function after 2 years on the task, reliable rightaway.
The relocation, revealed Monday, comes as the San Francisco-based clothes business, which runs shops under its name, Old Navy, Banana Republic and Athleta, hasahardtime with plunging sales and supply chain difficulties.
Syngal, who hasactually been with the business giventhat 2004 consistingof a stint as CEO of Old Navy, will stay on for a quick shift duration. Effective instantly, Bob Martin, the business’s present executive chairman and a 40-year market veteran, will serve as Gap Inc. president