Cuba/Pakistan/Wisconsin aren't the only places hungry for CHANGE today! Old Navy, a division of the persistently-ailing Chinese apparel giant Gap Inc., just toppled the regime of current president Dawn Robertson. "People have literally been cheering and the office just got so much happier," writes a tipster. "Thank god." Aw, we remember bad bosses, don't we Anna? Dawn was supposed to reinvigorate the Old Navy brand, which is an impossible task to achieve, at least until the company commits itself to overhauling its supply chain to better compete with the likes of H&M and Forever 21, so we get the idea she mainly closed stores and fired people. Looks like she'll leave with at least three million dollars; maybe more if you can figure out how her stock options worked out for her. Click Dawn's crazy hat to read the memo.
This message is intended for all Gap Inc. employees.
This morning, we're announcing that Old Navy president Dawn Robertson will leave the company, effective immediately.
After many conversations with Dawn, we came to the mutual conclusion that we needed to make this change so the brand could go to the next level. I'm grateful for Dawn's efforts over the last 16 months, especially as she built and retained a strong leadership team. I sincerely wish her well.
I also want to take this opportunity to thank Dawn and the entire Old Navy team for their hard work this past year. Against many challenges, the team made real progress to shorten the product pipeline, launch an integrated marketing effort, and bring more on-trend product to customers. It's been a pleasure to get to know the Old Navy leadership team, with its strong combination of company veterans and new leaders with fresh perspectives from other retail companies.
I'm very pleased to announce that Tom Wyatt will take on the assignment of serving as acting president of Old Navy while we conduct a search to fill the position of president of Old Navy.
Tom is able to bring his strong leadership and team approach to making the decisions that are right for Old Navy and our customers. He's a former retail CEO and currently serves as president of our Outlet division.
To ensure the Outlet team maintains their hard-earned momentum, Art Peck will provide operational leadership for the Outlet team while acting as president of the division until Tom returns. Art will continue with his current responsibilities as well.
Old Navy is one of the most popular brands among consumers in North America, and we all have a tremendous opportunity to bring this brand back to the place it belongs in the hearts and minds of shoppers and families.
I look forward to working very closely with the entire Old Navy team - both in our stores and across Mission Bay. We'll start that dialogue during several town hall meetings in the brand this afternoon to share this news and talk about the next steps.