ANOTHER EXIT AT GAP: Gap Inc. said Friday that Nick Cullen, executive vice president and chief supply chain officer, will leave the company on Friday. Gap does not plan to name another chief supply chain officer. Instead, the sourcing and logistics functions will be separated “to better align the global sourcing team with the brands, and logistics with inventory planning and distribution,” the company said. Also, Stan Raggio, a former Gap supply chain executive, will return from retirement to lead the sourcing division as senior vice president of sourcing and vendor development. Logistics, which formerly reported to Cullen, will continue to be led by senior vice president Colin Funnell, who will report to Byron Pollitt, Gap Inc.’s executive vice president and chief financial officer.
This story first appeared in the March 6, 2006 issue of WWD. Subscribe Today.