Gap Inc. names Simmons cfo

SAN FRANCISCO Gap Inc. today announced Sabrina Simmons, the company’s evp of corporate finance and acting cfo, has been promoted to the position of cfo, effective immediately. She will continue to report to Glenn Murphy, Gap Inc.’s chairman and ceo.

“As Sabrina has taken on more responsibility over the years, her deep knowledge of specialty retail, strong financial acumen and personal integrity have earned her the respect of those inside and outside the company,” said Mr. Murphy. “After working closely with Sabrina, it became clear that she has proven herself to be extremely capable and is the right person to partner with me and our business leaders to drive our financial priorities.”

Simmons joined Gap Inc. nearly seven years ago as vp and treasurer. Prior to being named the company’s evp and acting cfo in August 2007, Simmons served as senior vp of corporate finance where she was responsible for all corporate finance functions including controllership, corporate finance planning and analysis, investor relations, treasury, tax and risk management.