By  on October 12, 2007

Gap Inc. said Thursday that Jack Calhoun has been named president of Banana Republic. He had been serving on an interim basis since February after his predecessor, Marka Hansen, was selected as president of Gap North America.

Calhoun, 43, reports to Glenn Murphy, Gap's chairman and chief executive officer.

"Jack's leadership of the brand, marketing expertise and merchandising contributions demonstrate that he's the right leader to build upon the brand's success," Murphy said in a statement.

Calhoun, who joined Banana Republic in 2003 as executive vice president of marketing, said in a statement, "Banana Republic is a strong brand with a great heritage — and I'm excited to have the opportunity to help the brand realize its tremendous potential."

In addition, Gap said it will consider internal and outside candidates to succeed Deborah Lloyd, Banana Republic's executive vice president of product design and development, who has been named co-president and creative director of Kate Spade. She is leaving, effective Oct. 19. Lloyd's position will be temporarily filed by Nick Coe, 45, senior vice president of merchandising.

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