US speciality apparel retailer Gap Inc is moving Althleta brand president Nancy Green to the newly created role of president and chief creative officer of its Old Navy business – which is to become a standalone company from next year.
Green will be tasked with leading Old Navy’s design, production, merchandising and marketing functions, and will report to Sonia Syngal, president and CEO of Old Navy.
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“Nancy’s ability to drive growth is demonstrated by Athleta’s success,” says Art Peck, president and CEO of Gap Inc. “Under her leadership, the brand more than doubled sales with operating margin expansion due to a robust omni business fuelled by a clear brand vision woven throughout product and experiences. Our expectation is for Athleta to reach US$1bn in sales in 2020.
“This will be Nancy’s third senior leadership assignment with Old Navy, and I am confident that she will guide further growth as we set Old Navy up for success as an independent public company.”
Green has more than 30 years of retail leadership experience, with a demonstrated track record leading high growth businesses with breakthrough product and marketing.
Prior to joining Athleta in 2013, she served as EVP and chief creative officer at Old Navy, leading the merchandising, design and production teams. During this time, the brand focused on innovation in core categories, launching new and expanding businesses and healthy, profitable growth. Green also served as interim co-leader of Old Navy in 2012.
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By GlobalData“I’m thrilled to have Nancy join Old Navy, bringing with her decades of experience in launching and expanding brands, product categories and new business models,” says Syngal. “As we chart the course for Old Navy’s future, I look forward to Nancy injecting new ideas centred on fun, family, fashion and value that will further enable us to democratise style for our millions of customers around the world.”
Athleta’s brand’s leadership team will report to Peck while a search for its next president is underway.
