Mark Breitbard, who was promoted to president of Gap North America just three months ago, is said to be leaving the company to become chief executive officer of The Gymboree Corp., according to sources.
While a win for Gymboree, Breitbard’s move would be a blow to Gap’s turnaround efforts. In November, Breitbard was tapped as Gap North America’s top merchant, reporting to Steve Sunnucks, global president of the Gap brand, as part of a sweeping reorganization of the leadership of its divisions along brand lines. The international, online, outlet and franchise operations were integrated into four silos — Gap, Old Navy, Banana Republic and a new Innovation, Digital Strategy and New Brands division. The company must now reorganize again to fill the void created by Breitbard’s departure. RELATED STORY: Gap Reorganizes Executive Ranks >>
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