Gap CEO Art Peck is stepping down from the company

Gap Inc. CEO Art Peck is stepping down as CEO, effective immediately, according to a company press release on Thursday. The Gap board member Robert Fisher will serve as interim CEO after a "brief transition period."
Peck has been CEO since 2015 and has worked in various roles at the company for the past 15 years.
As part of the announcement, Gap also reported significant sales declines for the third quarter of 2019, including a 4% decline in comparable sales across its entire portfolio.
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