The News-Times

Gap CEO steps down

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Gap says CEO Art Peck is stepping down as the company continues to grapple with slumping sales. Peck, who has been CEO since 2015, will be temporaril­y replaced by Gap’s nonexecuti­ve chairman of the board Robert Fisher. Peck will also step down from the Gap’s board. The company is in the midst of splitting into two publiclytr­aded companies, one for its Old Navy brand and another for the Gap, Banana Republic and its other brands.

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