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Old Navy Names New Global President

Sonia_SyngalIt’s been more than six months since Stefan Larsson stepped down as global president of the Gap Inc.-owned Old Navy and a successor has finally been chosen.

The company announced Wednesday that Sonia Syngal has been tapped to lead the brand’s reinvention, effective immediately.

A 12-year veteran of Gap Inc., the appointment marks Syngal’s return to Old Navy. She served as senior vice president of the brand’s international division until 2013, after which she assumed the role of executive vice president of global supply chain and product operations across all of the company’s brands and channels.

According to a press release, her prior responsibilities included working closely with Old Navy to develop a product-to-market model designed to increase speed and flexibility, while delivering on-brand goods in a systematic, repeatable way.

“Sonia is an inspiring leader with a proven track record leading transformation and driving product-to-market innovations,” Art Peck, chief executive officer, said. “Following a comprehensive search, I’m confident Sonia is the right leader to enable Old Navy to realize its substantial, long-term growth potential.”

“Old Navy is truly changing the value space with great design and quality apparel that the whole family loves and I can’t wait to focus my energy on continuing to deliver that promise for our customers,” Syngal offered. “How we continue to transform our product engine, focused on balancing amazing product with operational excellence, will be key to unlocking Old Navy’s next phase of growth.”

Before landing at Old Navy, Syngal was in charge of Gap and Banana Republic’s European businesses for nearly two years. She also spent almost three years driving the international divisions for Gap Outlet and Banana Republic Factory Stores, in addition to holding various vice president-level roles across the company’s global sourcing organization for four years.

Jill Stanton, who has been leading Old Navy in the interim, will serve as a strategic advisor as Syngal takes the helm. Meanwhile, Michael Yee has been appointed to the position of executive vice president of global supply chain sourcing and production for Gap Inc., while Shawn Curran is now the company’s executive vice president of global supply chain logistics and product operations.

Shareholders will be eager to see what Syngal can do to improve Old Navy’s fortune. Last week, Gap Inc. reported that the chain experienced a 6 percent decline in stores open for at least a year in March, compared to a 14 percent rise in 2014.

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