Gap Inc. updates Q1 outlook to low-to-mid teens decline; Old Navy CEO Nancy Green departs

GAP INC

Nancy Green exits as Old Navy President/CEO effective May 1, 2022; external search underway.
Gap Inc. CEO Sonia Syngal will oversee Old Navy during transition.
Q1 net sales guidance cut to low-to-mid teens YoY decline from prior mid-to-high single digit.
Company taking more aggressive promotional actions primarily at Old Navy.
Full fiscal 2022 guidance to be updated with Q1 earnings on May 26.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Nancy Green

President and Chief Executive Officer of Old Navy

GAP · GAP INC

Effective: 2022-05-01
Filed: April 21, 2022, 7:59 PM ET

Nancy Green, a named executive officer of The Gap, Inc. (the “Company”), will be leaving her role as President and Chief Executive Officer of Old Navy.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Nancy Green departed as President and Chief Executive Officer of Old Navy at GAP INC.

Action: leaving
Role: President and Chief Executive Officer of Old Navy

Exact text from the filing

Nancy Green, a named executive officer of The Gap, Inc. (the “Company”), will be leaving her role as President and Chief Executive Officer of Old Navy.

View on SEC.gov

GAP INC filing history →

Source: SEC EDGAR

accession 0000039911-22-000019

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.