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Art Peck is stepping down as CEO of Gap

Robert Fisher, a member of the family that founded the company, is taking over for now.

Art Peck is stepping down as CEO of Gap
[Photo: Gap]

After a nearly 15-year career at Gap, CEO Art Peck is stepping down. Peck, who became the chief executive officer in 2015, aimed to help the brand regain relevance.

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Robert J. Fisher, a member of the family that founded the company and the current non-executive chairman of Gap’s board, will serve as interim president and CEO. Bobby Martin, chair of the board’s compensation and management development committee, will serve as lead independent director, the company said in a news release.

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About the author

Adele Peters is a staff writer at Fast Company who focuses on solutions to some of the world's largest problems, from climate change to homelessness. Previously, she worked with GOOD, BioLite, and the Sustainable Products and Solutions program at UC Berkeley, and contributed to the second edition of the bestselling book "Worldchanging: A User's Guide for the 21st Century."

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