By  on November 7, 2019

Art Peck, president and chief executive officer of Gap Inc., will step down from his position after years of struggling to revive the Gap brand and more recently seeing Old Navy flounder.

Gap Inc. said late Thursday afternoon that Peck will depart from the company and its board after a brief transition. Effective immediately, Robert J. Fisher, non-executive chairman of the board and son of the late founder of Gap, Don Fisher, will also serve as president and ceo on an interim basis.

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