Gap Names its Supply Executive as New President for Old Navy

Gap Inc. has picked the leader of its global supply network to assume the helm of its low-price chain Old Navy. Sonia Syngal is a 12-year company veteran who most recently served as executive vice president of Gap's global supply chain and product operations. She's filling the spot that became open when Stefan Larsson left last November to become CEO of Ralph Lauren Corp. Larsson had transformed Old Navy into a powerhouse business — a bright spot for Gap — but recently Old Navy has stumbled.