AnnTaylor Stores Corporation has appointed Gap veteran Gary Muto as the new president of Ann Taylor Loft, with effect from 11 November.

Muto is poised to lead all aspects of the US retail company's Loft division, reporting directly to Kay Krill, president and CEO of the company.

He joins from Gap, where he has spent 20 years in various roles, including most recently as president of Gap Adult and GapBody.

He has also served as president of Banana Republic, president of Gap NA and president of Forth & Towne.

"Selecting the right leader for our largest division has been a critical area of focus for me, and the search process was very comprehensive," said Krill.

"I am delighted that Gary is joining the company and confident that his extensive retail experience and strong leadership qualities will add significant value to not only the Loft division, but also the entire Ann Taylor leadership team."