Gap CEO Sonia Syngal dismissed as the struggling retailer fails to perform
Tue, Jul 12, 2022 7:22 AM

Gap CEO Sonia Syngal dismissed as the struggling retailer fails to perform

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Gap Inc. laid off CEO Sonia Syngal after 2 1/2 years of appointment. The retailer took this decision amid rising costs and deepening discounts threatening to wipe out this quarter’s operating profit. Chairman Bob Martin will now serve as CEO on an interim basis. In early 2020, Syngal, now 52, was appointed to replace a CEO who abruptly left the company amid operational issues.

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