, Columnist
Now the Gap Can Finally Move On
A turnaround may be easier with the departure of CEO Art Peck.
Ready for a new leader.
Photographer: Patrick T. Fallon/Bloomberg
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An overdue change is coming to Gap Inc.
The retailer announced Thursday that CEO Art Peck, who has led the company (which also includes Banana Republic and Old Navy) since 2015, will step down. The company’s chairman, Robert J. Fisher, will serve as interim CEO while the board hunts for a successor.