NRI Pulse Staff Report
Atlanta, GA, March 12, 2020: Gap Inc. recently named Indian-American Sonia Syngal as the company’s next chief executive officer, effective March 23. She will also join the Gap Inc. Board of Directors. As Gap Inc.’s new CEO, Syngal’s top priority will be strengthening the performance of the portfolio, said a statement from the global retailer.
Syngal led Gap’s Old Navy brand from $7B to $8B in sales in just three years, expanding its North American presence to more than 1,200 stores in the US, Canada and Mexico, scaling its ecommerce site to the no. 4 largest apparel site in the U.S. and building competitive omni-channel capabilities.
Prior to that, she
was Executive Vice President of Global Supply Chain and Product Operations,
responsible for managing Gap Inc.’s global supply chain and redefining a
best-in-class product-to-market model for its portfolio of
brands.
“To lead the company into its next chapter, we sought a
dynamic leader who could bring a deep respect for our customers and make
the decisions necessary to deliver value from our portfolio of brands over
the long term,” said Bob Fisher, interim Gap Inc. CEO and current chair of the
Gap Inc. Board of Directors. “Sonia has all of the characteristics and experiences
needed to effectively execute against the work ahead. She is an excellent
operator who drives innovation and decisive action, and she leads with both
vision and heart.”
“It’s an honor to build on this company’s rich heritage and lead our nearly 130,000 employees in transforming our business and operations to successfully compete in the future,” said Sonia. “I’m committed to fully realizing the potential of our portfolio and the advantage of our scale, with a focus on strengthening the love that our millions of customers have for our brands. To do that, we must better prioritize initiatives and capabilities that will improve execution and drive value creation.”
Since joining Gap Inc. in 2004, Syngal has served in key leadership and general management roles including Managing Director for the company’s Europe business, Senior Vice President for Gap Inc.’s International division and International Outlet division.
Prior to joining Gap Inc., Sonia had a long career in Fortune 500 product companies, including Sun Microsystems where she led manufacturing operations, logistics and supply chain management, and at Ford Motor Co. where she held roles in product design, quality and manufacturing engineering.
She is a member of the Boys & Girls Club of America’s Board of Governors and serves on The Gap Foundation Board of Trustees.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, Athleta, Intermix, Janie and Jack, and Hill City brands. Fiscal year 2018 net sales were $16.6 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through company-operated stores, franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.
