Gap Inc.’s Incoming CEO Names New Gap, Banana Republic Leaders

Art Peck, who will succeed Glenn Murphy as chief executive of Gap Inc. in February, has promoted two executives within the company to lead the Gap and Banana Republic global businesses.

Jeff Kirwan will become Gap Global president in December and Andi Owens will become Banana Republic Global president in February.

“We’ll start 2015 with a management team comprised of both established executives and the next generation of brand leaders ready for the next generation of customers,” said Peck in a statement. “We’ve provided a transition period that allows our teams to deliver a successful holiday, while gearing up for a future where great product, showcased seamlessly across physical and digital experiences, consistently delights our customers.”

Kirwan, 48, has been president of Gap Inc.’s greater China business for the past three years. He succeeds the outgoing Stephen Sunnucks.

Owens, 49, is the head of the Gap Outlet division. Jack Calhoun, the current Banana Republic president, will work with Owens on the transition until he leaves the company on February 1.

“These are important changes within the company, and I’ve been impressed with both Jeff and Andi’s development during our work together these past eight years,” commented current Gap Inc. CEO Glenn Murphy. “We’ve prepared leaders, with experience across all aspects of the global business, who are ready and eager for the challenges and the opportunities ahead.”

“Over the past decade, I’ve worked with Jeff and Andi and seen them in action,” added Peck. “They each bring the creativity, tenacity, and exceptional leadership qualities necessary for these roles, and, importantly, they have consistently delivered results for our brands and company.”