New president Banana Republic

Gap Inc. (NYSE: GPS) announced today that Jack Calhoun has been appointed president of Banana Republic, effective immediately. Calhoun, 43, has been serving as interim president since February 2007 when his predecessor, Marka Hansen, was appointed president of Gap North America. He will continue to report to Gap Inc. Chairman and CEO Glenn Murphy.

 

Mr. Calhoun joined Banana Republic as executive vice president of marketing in 2003. In 2005 he was given additional responsibilities for non-apparel merchandising, including Banana Republic’s line of personal care products and handbag collection. Mr. Calhoun began his career in brand management with The Procter & Gamble Co. after receiving a bachelor’s degree from Purdue University, and an M.B.A. from Harvard Business School.

Separately, the company today announced the departure of Deborah Lloyd, 43, head of design for Banana Republic, effective Oct. 19. While the company conducts an internal and external search for her replacement, Nick Coe, 45, senior vice president of merchandising, will temporarily support the design team during this transition. Mr. Coe joined the company in 2005 as vice president of men’s merchandising and was promoted earlier this year. He served for more than 20 years in key U.S. and international merchandising roles for Levi Strauss & Co.