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Incoming Gap CEO names new heads of Gap and Banana Republic brands
New York - Gap Inc.'s incoming CEO, Abe Peck, is wasting no time putting his own stamp on the company, naming new presidents for the Gap and Banana Republic brands. Jeff Kirwan, 48, has been tapped to replace Stephen Sunnucks as global president for Gap. And Owen, 49, will succeed Jack Calhoun on Jan. 5 as global president for Banana Republic. -
J.C. Penney awards Ellison 2 million shares
Plano, Texas – J.C. Penney Company Inc. has provided an equity inducement award of 2.07 million restricted stock units (RSUs) to Marvin Ellison, the company’s president and CEO-designee, in connection with his employment. Penney previously disclosed this award in connection with the announcement of Ellison`s appointment in October.

