fashion

Gap Inc. names new chief growth officer & Banana Republic CEO


Gap Inc. is making changes to its leadership teams. The company has
just announced two new appointments: Asheesh Saksena to the role of
chief growth officer for the Gap Inc. senior leadership team and
Sandra Stangl as president and chief executive officer of Banana
Republic.

Saksena will join Gap Inc. in January 2021. His role has been newly
created, and in the position Saksena will focus on executing the
company’s strategic agenda, and leading growth initiatives. He most
recently served as president of Best Buy Health, leading formation and
operation of strategic diversification into digital health.

The new chief for Banana Republic, Stangl joins the company from
Williams Sonoma, where she held numerous leadership positions inducing
president of Pottery Barn Brands, as well as president, chief
merchandising officer and new business development officer for
Restoration Hardware. She will take the helm at Banana Republic next
month.

“Gap Inc. has significant opportunity to grow our purpose-led,
billion-dollar lifestyle brands through the power of our platform,
sophisticated end-to-end capabilities and by harnessing the advantages
that come with operating a portfolio that targets 80 percent of the
addressable apparel market,” Sonia Syngal, Gap Inc.’s chief executive
officer, said in a statement. “With the addition of Asheesh and
Sandra, two strong industry veterans and proven creators, I have even
greater confidence in our ability to deliver against our Power Plan
2023 as we steer the company into the future.”



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