As announced by mother company Gap Inc. on Tuesday (January 24), Andi Owen, global brand president of Banana Republic, will leave the company in late February. On the interim, Gap’s CEO Art Peck will directly oversee the brand until a successor for Owen is found.

Art Peck, CEO Gap Inc.
Photo: Gap Inc.
Art Peck, CEO Gap Inc.

“During her time with Banana Republic, Andi led critical work improving the brand’s aesthetic and product quality and moved the brand to a full omni-channel assortment. While these improvements have been important steps forward, we have significant work to do in order to consistently win with customers. Andi and I agreed that now was an appropriate time for a change in leadership,” said Art Peck.

Owen joined Gap in 1991 and has since held a variety of leadership roles at the San Francisco-based company, including executive vice president and general manager for Gap Global Outlet and senior vice president and general manager for Banana Republic Factory Stores.

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