JOHN LILLIE NAMED GAP VICE CHAIR
Byline: Kristin Young
LOS ANGELES — Gap Inc. has named John M. Lillie, a long-time board member, to the new post of vice chairman. He will report to Mickey Drexler, chief executive officer of the $11.6 billion retailer.
The 63-year-old Lillie describes himself as a “professional manager” and has held a seat on Gap’s board since 1992 when Gap founder and chairman Donald Fisher brought him to the company. He has been acting as a consultant to Drexler with a focus on operating strategies since November. He will retain his board seat.
Drexler said in a statement that Lillie’s leadership in this new full-time position will be “invaluable as the company works to more tightly manage its day-to-day business and consistently implement strategies.”
Alan Marks, a company spokesman, said Chuck Crovitz, chief supply chain officer; Anne Gust, chief administrative officer, and Heidi Kunz, chief financial officer will report to Lillie. They previously reported to Drexler.
Lillie will also head a 10-member operating committee, which meets monthly to discuss strategy and policy, among other topics.
Lillie is currently president of Sequoia Associates, a leveraged buyout firm in Menlo Park, Calif., but has scaled back his responsibilities there to accommodate his Gap position.
In a 40-year career, Lillie has held chairman and ceo titles at American President Cos., Lucky Stores Inc., Leslie Salt Co. as well as senior posts at Arcata National Corp. and Boise Cascade Corp.
“I’m looking forward to working with Mickey and the senior team to continue building the right processes and infrastructure to sustain longer-term, quality growth,” he said in a statement.
Gap, based in San Francisco, had a difficult 2000. In December, same-store sales declined 6 percent and the retailer warned its fourth-quarter earnings would fall short of Wall Street’s expectations.