Global president of Old Navy Stefan Larsson resigns

Gap has announced that Stefan Larsson will step down as global president of Old Navy effective October 2, 2015. Jill Stanton, executive vice president of Global Product at Old Navy, will lead the division in the interim, reporting to Gap Chief Executive Officer Art Peck. A search for a new global brand president is already under way.

“We have an impressive team at Old Navy, with some of the best creative and business talent in the industry, and they are delivering consistent results,” said Peck, adding, “We have a clear strategy in place, and I have every confidence the brand will continue to build on its momentum and realize its substantial growth potential.”

Stanton is an industry veteran with more than 25 years experience including 14 years at Nike, where she served as vice president and general manager of global apparel.