Tsang named to Gap Inc. board

SAN FRANCISCO Gap Inc. announced that Katherine Tsang, chairperson for Greater China at Standard Chartered PLC, a leading international bank, has been appointed to the company’s board of directors, effective Aug. 16.

“Katherine’s successful track record leading and growing a multinational business in China’s flourishing consumer market makes her a tremendous resource to our board as we embark on a new phase of international expansion,” said Glenn Murphy, Gap Inc. chairman and CEO. “She will also bring a unique dimension to our board as one of the top women executives in China.”

Tsang is a leading executive at Standard Chartered PLC, an international bank with more than $430 billion in assets, headquartered in the United Kingdom with the majority of its operations in Asia, Africa and the Middle East. With over 30 years of professional experience, she is currently Chairperson for Greater China, spanning China, Hong Kong and Taiwan. Prior to this position, she was the company’s executive vice chairman and CEO for China. Under her leadership, Standard Chartered PLC has seen unprecedented growth and financial performance in China including a twelve-fold increase in operations.