Gap Inc. reinforces its executive leadership with strategic appointments, welcoming Eric Chan as Chief Business and Strategy Officer from January 12 and Amy Thompson as Chief People Officer from January 22. Both leaders will report directly to Gap Inc.’s President and CEO, Richard Dickson.
Bringing over two decades of financial and operational expertise, Eric Chan, formerly CFO of the LA Clippers, joins after successfully scaling Loot Crate from startup to $165 million in revenue. Amy Thompson, with 25 years of experience driving cultural change, assumes the role after serving as Chief People Officer at Mattel and Toms, as well as holding HR executive positions at Starbucks and Ticketmaster.
Richard Dickson emphasizes the crucial roles of Chan and Thompson in solidifying Gap Inc.’s foundation. Their contributions are expected to enhance operational rigor, attract top-tier talent, and foster a culture of creativity. This strategic move aims to position the company for brand reinvigoration and cultural relevance in the evolving market landscape.
In Gap Inc.’s recent November trading update, the company surpassed expectations with third-quarter profits and a smaller-than-anticipated drop in comparable sales. Adjusted earnings of 59 cents per share, three times the average analyst estimate, were attributed to effective inventory management and reduced promotions. Despite a fourth consecutive quarter of declining same-store sales, robust performance at Old Navy mitigated weaknesses at Athleta and Banana Republic.
Gap Inc. is poised for a transformative era, leveraging the strategic expertise of Eric Chan and Amy Thompson to navigate towards sustained success in the competitive market.
