Gap North America Names New Executive VP
San Francisco–Gap Inc. named Tom Sands as its new executive vice president of Gap North America, replacing Mark Breitbard who has been named chief executive of The Gymboree Corp., the children’s wear retailer.
Sands, who most recently served as executive vice president of Old Navy North America will assume the position immediately. He will report to Gap’s global brand president Steve Sunnucks.
Gap said Sands will work with the Gap North America team to help guide the transition to the new global brand structure, designed to fuel the company’s long-term growth.
Prior to Old Navy, Sands spent 19 years with Target. Gap, based also confirmed the departure of two other executives recently: Evan Price, a vice president of finance, who will leave this month; and, Cynthia Ng Villaluz, vice president of women’s design, who left in December.
“Coming off a great year of business performance with Gap brands, we know there are risks of the competition recruiting our talent,” a spokesperson told Bloomberg. “Fortunately, we have a deep bench of talent across the company and we’ll work to strengthen our retention strategies.”
Ascena Retail Group Selects New CFO, Executive Vice President
Suffern, NY–Ascena Retail Group announced today that has Dirk Montgomery has been named executive vice president and chief financial officer, replacing Armand Correia who is retiring after 21 years with the company.
Montgomery was most recently vice president and chief value chain officer at restaurant operator Bloomin’ Brands. Dirk Montgomery possesses tangible experience in the field, having worked with companies such as Bloomin’ Brands Inc., Con Agra Foods Retail Group, Sara Lee, Express and Ernst & Young. He most recently served as the executive vice president and chief value chain officer at Bloomin’ Brands.
“On behalf of our entire organization, I’d like to personally thank Armand for his 21 years of service to Ascena,” said David Jaffe, Ascena Retail Group president/ceo.
“His stewardship was instrumental in delivering market-leading rates of growth and return for our shareholders, particularly over the last decade,” Jaffe added. “We are excited to welcome Dirk to our team, and are confident that his leadership, expertise and experience will enable us to continue building upon this record of achievement.”
New North American Chief Named for Lacoste
Pierrel was previously chief executive of Devanlay’s operations in France, having been appointed to the post in March 2012. Prior to that, he spent eight years as U.S. director of wholesale, retail and e-commerce at Diesel.
Birkhold left Devanlay to become chief executive at Bebe Stores.
Swiss distribution group Maus Frères, which has owned Devanlay since 1998, took control of Lacoste last month. A replacement for Pierrel is being sought.
Lacoste S.A. has eight worldwide licenses: Devanlay, its historical partner for apparel and leather goods; Pentland for footwear; Procter & Gamble for fragrances; Marchon for eyewear; Movado for watches; Zucchi Group for home textiles and the GL Bijoux group for fashion jewelry.