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Gap president Art Peck to step down

Christian Fernsby |
San Francisco, Ca., USA - Gap Inc. announced that president and chief executive officer Art Peck will step down from his position and from the company’s board.

Art Peck will depart from the company after a brief transition.

Mr. Peck joined Gap Inc. in 2005 and has held senior leadership positions across nearly every area of the company.

On October 8, 2014, Mr. Peck was named Gap Inc. CEO, effective February 1, 2015.

From 2012 to January 2015, Mr. Peck served as President of the company’s Growth, Innovation and Digital (GID) division.

In his prior role, he served as president of Gap North America, with its fleet of more than 700 stores, from February 2011 to November 2012.

Previously, from 2008 to 2011, he led the Outlet division.

Prior to joining Gap Inc., Mr. Peck spent 20 years with The Boston Consulting Group, an international strategy and management consulting firm, where he ultimately served as a senior partner.

Robert J. Fisher, the company's current non-executive chairman of the Board, will serve as president and chief executive officer on an interim basis.

As a key member of the founding family, Mr. Fisher brings strong leadership and invaluable perspective from his 35-year history with Gap Inc., where he has served in a variety of senior executive positions, including interim president and chief executive officer.