Gap Inc. announced Stefan Larsson will step down as global president of Old Navy effective October 2, 2015. Jill Stanton, EVP of global product at Old Navy, will lead the division in the interim, reporting to Gap Inc. CEO Art Peck. A search for a new global brand president is already under way.
“We have an impressive team at Old Navy, with some of the best creative and business talent in the industry, and they are delivering consistent results,” said Peck. “We have a clear strategy in place, and I have every confidence the brand will continue to build on its momentum and realize its substantial growth potential.”
Stanton is a proven industry veteran with more than 25 years experience, including almost 14 years at Nike where she served as VP and GM of global apparel.
