Jenny Ming leaves Old Navy

Gap Inc announced that Old Navy president Jenny Ming is planning to leave the fashion chain this fall. "My 19 years with Gap Inc have been exciting and rewarding, particularly the past 12 years spent leading Old Navy," Ming said. "Now the time is right for me personally, and for the brand, to make a change. I'm confident in the team's ability to continue executing our strategies, and am committed to ensuring a seamless transition."

Ming joined Gap Inc in 1986 and held various merchandising functions in the Gap Brand. After helping to launch Old Navy in 1994, she was named president in 1998. She was also instrumental in the development of Gap's fourth brand, Forth & Towne. President and CEO of Gap Inc, Paul Pressler, thanked Ming for "nearly two decades of tremendous leadership and dedication" to the company. He said the company would look both internally and externally for her successor. "We're looking for an exceptional leader with strong apparel retail experience, who has a track record inspiring creative teams," he said. "As we begin this transition, improving Gap Inc's business performance continues to be our primary focus. I remain confident in the changes we're making in all of our brands, including Old Navy, to drive our turnaround."