Gap CEO Sonia Singal is stepping down

gap chief executive replaced Sonia Singhal After a little over two years on the job, making him the latest leader who has been unable to help casual clothing company Regain your position among American shoppers.

The apparel retailer said on Monday that its executive chairman bob martina former walmart The executive will serve as interim CEO with immediate effect while it searches for a permanent replacement. The company also said it hired a former Walmart executive Horacio Barbato To take over as the CEO of the Old Navy Chain. The Gap said Ms. Singhal also resigned from the company’s board.