Gap Inc Old Navy president resigns

Monday, 23 January 2012
Old Navy, the retail giant part of the Gap Inc Group, announced it's president Tom Wyatt is leaving the company. Wyatt, who joined Gap Inc in 2006 is has taken a post outside of the fashion industry and two senior Old Navy executives are expected to lead the division, reporting to Gap Inc. Chairman and CEO Glenn Murphy, while a formal search for a new brand president is under way.

“Tom Wyatt has been a passionate advocate for Old Navy over the past four years, and strengthened the brand by focusing on its core customers and unique value proposition,” said Glenn Murphy, chairman and CEO of Gap Inc. “We wish him the very best as he embarks upon this new phase of his career.”

Wyatt, 56, joined Gap Inc. in 2006, and served in roles leading the Gap Body and Outlet businesses. He was appointed president of the Old Navy brand in August 2008. During his tenure, Wyatt evolved the brand’s family-friendly shopping environment in remodeled Old Navy stores, oversaw the creation of the successful Supermodelquins marketing campaign, and laid the groundwork for the brand’s upcoming global expansion.

Wyatt said, “This was probably one of the most difficult decisions I’ve had to make. An opportunity came my way that allows me to devote myself to helping children get the education they deserve. Working with the strong leadership team at Old Navy, I’m both proud of what we’ve accomplished over the past four years and confident in the plans in place to improve the brand’s performance in 2012 and beyond.”

Image: Old Navy Kids

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