Gap loses CFO |
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| Thursday, 30 August 2007 | |
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Gap announced this week that it's chief financial officer Byron Pollitt has decided to leave the company to pursue an opportunity in another industry.
His last day as chief financial officer will be September 14, 2007.
The company also announced Sabrina Simmons, 44, currently senior vice president of corporate finance is being promoted to the newly-created position of executive vice president of Gap Inc. finance and will serve as acting chief financial officer. Ms. Simmons will report directly to Glenn Murphy, Gap's chairman and chief executive officer. Gap Inc is the US' leading specialty retailer offering clothing, accessories and beauty products for men, women, children and babies under the Gap, Banana Republic, Old Navy, and Piperlime brand names. Fiscal 2006 sales were $15.9 billion. Gap Inc. operates more than 3,100 stores in the United States, the United Kingdom, Canada, France, Ireland and Japan. In addition, Gap Inc. is expanding its international presence with franchise agreements for Gap and Banana Republic in Asia and the Middle East. |
