Dickson, experienced consumer product and
retail industry executive, tapped to lead the global apparel retail
portfolio
SAN
FRANCISCO, July 26, 2023 /PRNewswire/ -- Gap Inc.
(NYSE: GPS), the largest specialty apparel company in the U.S.,
with a portfolio that includes Old Navy, Gap, Banana Republic and
Athleta, today announced that its Board of Directors has appointed
Richard Dickson as the company's
President and Chief Executive Officer, effective August 22, 2023.
"Richard has invaluable expertise in areas critical to the work
Gap Inc. is doing to strengthen the company for the long term. And
we are thrilled to have his visionary leadership as the company
redefines the future potential of Gap Inc. and its renowned
American fashion brands," said lead independent director,
Mayo A. Shattuck III.
Dickson will join Gap Inc. from his most recent role as
President and Chief Operating Officer of Mattel, where he was a
lead architect in a global corporate transformation that has
reinvigorated Mattel's iconic brands, including Barbie, Hot Wheels
and Fisher-Price, as well as restored the company to growth and
reaffirmed Mattel as an industry thought leader. Richard was
appointed to the Gap Inc. Board of Directors in November of
2022.
Shattuck added, "On behalf of the Gap Inc. Board and management
team, I want to thank Bobby Martin
for serving as Interim CEO during this important time, and the
teams who have moved quickly to simplify the company's operating
model, increase the speed and quality of decision making, and
restore its creative muscle – work that will pay back for years to
come."
Dickson said, "Gap Inc. is a portfolio of iconic brands, known
for having defined American style with bold thinking and making
quality fashion accessible to millions. But it's the work ahead
that excites me most - the chance to work hand-in-hand with the
teams to evolve Gap Inc. for a new era." He continued, "Under
Bobby's leadership, the team has begun to truly reset the company
for long-term success, establishing a new foundation that I'm eager
to build on."
Martin, who will remain Chair of the Board and ensure a smooth
transition, said, "Gap Inc. has a rich heritage, with brands that
have great meaning in people's lives. Amidst a deliberate and
thoughtful search process, it became clear that Richard is destined
for this role at this moment. His experience as a proven
transformational brand builder and belief in the power of
inclusivity, make him a perfect fit for Gap Inc." Martin added,
"I'm incredibly proud of the organization's commitment to the
success of this company, as they are embracing operational rigor,
regaining product and customer obsession, with an eye on
modernizing the way we work, all of which becomes a strong
foundation for what's ahead."
About Richard Dickson
Dickson comes to Gap Inc. from his role as President and Chief
Operating Officer of Mattel, where he led a portfolio of global
brands, overseeing innovation strategy, design and development,
brand marketing and franchise management. Under his leadership, the
company developed and launched the Mattel Playbook, a
brand-building approach that has been instrumental in growing
Mattel's power brands and accelerating Mattel's transformation.
Prior to Mattel, Dickson was President and CEO of Branded
Businesses for The Jones Group, where he led global design and
development, including marketing and merchandising, wholesale,
retail, and e-commerce, brought new relevance to dated fashion
labels, and acquired and developed new brands. Dickson also
co-founded Gloss.com, the first online retailer dedicated to
high-end cosmetics, and served as an executive at
Bloomingdale's.
About Gap Inc.
Gap Inc., a collection of purpose-led lifestyle brands, is the
largest American specialty apparel company offering clothing,
accessories, and personal care products for men, women, and
children under the Old Navy, Gap, Banana Republic,
and Athleta brands. The company uses omni-channel
capabilities to bridge the digital world and physical stores to
further enhance its shopping experience. Gap Inc. is guided by its
purpose, Inclusive, by Design, and takes pride in creating products
and experiences its customers love while doing right by its
employees, communities, and planet. Gap Inc. products are available
for purchase worldwide through company-operated stores, franchise
stores, and e-commerce sites. Fiscal year 2022 net sales were
$15.6 billion. For more information,
please visit www.gapinc.com.
Investor Relations Contact:
Emily Gacka
Investor_relations@gap.com
Media Relations Contact:
Megan Foote
Press@gap.com
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SOURCE Gap Inc.