Old Navy president resigns

SAN FRANCISCO — Gap Inc. has announced that Tom Wyatt, president of its Old Navy brand, has resigned in order to take a position at another company outside of the apparel retail business, effective Feb. 3. The company has named two senior executives at Old Navy to lead the division, reporting to Gap Inc. chairman and CEO Glenn Murphy, while a formal search for a new brand president is under way.

“Tom Wyatt has been a passionate advocate for Old Navy over the past four years, and strengthened the brand by focusing on its core customers and unique value proposition,” said Glenn Murphy, chairman and CEO of Gap Inc. “We wish him the very best as he embarks upon this new phase of his career.”

Wyatt joined Gap Inc. in 2006, and served in roles leading the Gap Body and Outlet businesses. He was appointed president of the Old Navy brand in August 2008. During his tenure, Wyatt evolved the brand’s family-friendly shopping environment in remodeled Old Navy stores, oversaw the creation of the successful Supermodelquins marketing campaign, and laid the groundwork for the brand’s upcoming global expansion, the company said. He also served on the board of trustees of Gap Foundation, and was a staunch advocate for the company’s long-standing commitment to community involvement.

Nancy Green, EVP and chief creative officer for Old Navy, will continue to guide product development for the brand. Green has more than 19 years of experience within Gap Inc., having started as a merchandise trainee in 1986 and rising to senior merchandising roles for Old Navy and Gap. Tom Sands, EVP stores and operations for Old Navy, will take on additional operational functions within the brand. Sands previously held senior operations roles within Gap Inc., after having established his retail career over 19 years with Target.

“Nancy and Tom have complementary skills, and each has been heavily involved in developing the plans to get Old Navy back on track,” Murphy added. “Working together, we’re committed to the short-term and long-term success and growth of our brand that’s synonymous with family, fashion, value and fun.”