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Gap brand CEO exits

The president and CEO of Gap brand, Jeff Kirwan, is leaving amid tough trading at the business.

The business said a search is underway for a replacement and in the interim Brent Hyder, current Gap executive vice president, global talent and sustainability, will oversee the brand.

Art Peck, chief executive officer of the wider Gap group, said: “While I am pleased with our progress in brand health and product quality, we have not achieved the operational excellence and accelerated profit growth that we know is possible at Gap brand. As we move into the brand’s next phase of development, Jeff and I agreed it was an appropriate time for a change in leadership.”

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