Athleta president Nancy Green is taking a new position within the Gap family of brands.
Nancy Green, who currently serves as president and CEO of Athleta, will shift in early August to a newly-created role as president and chief creative officer of Old Navy. Green will lead Old Navy’s design, production, merchandising and marketing functions, and will report to Sonia Syngal, president and CEO of Old Navy.
While a search is underway for Athleta’s next president, the brand’s leadership team will report to Gap Inc. CEO Art Peck.
“Nancy’s ability to drive growth is demonstrated by Athleta’s success,” said Art Peck, president and CEO, Gap Inc. “Under her leadership, the brand more than doubled sales with operating margin expansion due to a robust omni-business fueled by a clear brand vision woven throughout product and experiences. Our expectation is for Athleta to reach $1 billion in sales in 2020. This will be Nancy’s third senior leadership assignment with Old Navy, and I am confident that she will guide further growth as we set Old Navy up for success as an independent public company.”
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Green has over 30 years of retail leadership experience. Prior to joining Athleta in 2013, Green served as executive VP and chief creative officer at Old Navy, leading the merchandising, design and production teams. During this time, the brand focused on innovation in core categories, launching new and expanding businesses and healthy, profitable growth. Green also served as interim co-leader of Old Navy in 2012.
Date: July 25, 2019
Source: Chain Store Age