Gap Inc. CEO Art Peck Is Stepping Down

The move is effective immediately

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Fifteen years after joining the company, Art Peck is stepping down from his role as CEO of Gap Inc. as well as from the company’s board.

Robert J. Fisher, Gap Inc.’s chairman of the board, will step into the role as interim president and CEO. Fisher is part of the founding family behind Gap Inc., which is celebrating its 50th year.

Under [Peck’s] tenure as CEO, we have made progress investing in capabilities that bode well for the future, such as expanding the omnichannel customer experience and building our digital capabilities,” Fisher said in a statement.

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