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Head of Gap brand out, outlet executive in line: source
February 1, 2011 / 3:37 PM / 7 years ago

Head of Gap brand out, outlet executive in line: source

NEW YORK/SAN FRANCISCO (Reuters) - Gap Inc will name its top outlet executive Art Peck as the new head of Gap North America as it looks to speed up a flagging turnaround at the apparel brand, a source familiar with the matter told Reuters on Tuesday.

<p>A shopper walks down Fifth Avenue carrying a Gap shopping bag in New York, October 8, 2009. REUTERS/Lucas Jackson</p>

Earlier on Tuesday, Gap announced that longtime Gap brand head Marka Hansen was stepping down and her successor would be named within a day.

Multiple sources inside and outside of the company, who asked not be named, cited Art Peck as the likely candidate to replace Hansen.

A source familiar with the matter confirmed to Reuters that Peck would be named.

Reporting by Alexandria Sage; Editing by Bernard Orr

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