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Gap Inc. Announces Heads of Stores and Operations for Old Navy and Outlet Divisions.

Business Editors

SAN FRANCISCO--(BUSINESS WIRE)--May 13, 2003

Gap Inc. (NYSE:GPS) today announced that Tom Sands has been promoted to Executive Vice President, Old Navy Stores and Operations, and Brian Lynch has been named Senior Vice President, Stores and Operations, for Gap Inc. Outlet.

Mr. Sands' current role as Senior Vice President, Old Navy Stores, will be expanded as a result of his promotion. He will now oversee stores and operations in the Northeast and Southeast Zones, in addition to his current responsibilities for the Western and Central Zones and Operations. Mr. Sands, 42, who joined Old Navy in October 2002 from Target Corporation, will continue to report to Jenny Ming, President, Old Navy.

"Since joining Gap Inc., Tom has introduced new ideas to us about stores and operations," Ms. Ming said. "As we continue to strengthen our position as a value player, his experience and leadership will help maintain momentum for the Old Navy brand."

Mr. Lynch, 45, will oversee all Gap Outlet, Banana Republic Factory Store and Old Navy Outlet stores and operations. He also will be responsible for the division's marketing and visual teams. Mr. Lynch will report to Neal Goldberg, President, Gap Inc. Outlet, and succeeds Steve Stickel, who joined the company's Banana Republic division as Senior Vice President of Stores in February 2003. Mr. Lynch joined Gap Inc. in 2000 from Learningsmith Inc., where he served as Vice President and Chief Operating Officer.

Gap Inc. is a leading international specialty retailer offering clothing, accessories and personal care products for men, women, children and babies under the Gap, Banana Republic and Old Navy brand names. Fiscal 2002 sales were $14.5 billion. As of April 5, 2003, Gap Inc. operated 4,245 store concepts (3,109 store locations) in the United States, the United Kingdom, Canada, France, Japan and Germany. In the United States, customers also may shop the company's online stores at gap.com, BananaRepublic.com and oldnavy.com.
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Publication:Business Wire
Geographic Code:1USA
Date:May 13, 2003
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