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  1. #1

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    GAP North America President Cynthia Harriss Resigns - Bloomberg, 2/1/07

    http://www.bloomberg.com/apps/news?pid=20601103&sid=alg5Egq35jWY&refer=us


    Gap Inc. replaced Gap North America president Cynthia Harriss with 20-year company veteran Marka Hansen, the first senior executive change since Chief Executive Officer Paul Pressler resigned two weeks ago.

    Hansen, 53, is the president of the largest U.S. clothing chain's Banana Republic unit and takes over immediately from Harriss, who resigned, the San Francisco-based company said in a statement. Hansen will report to interim Chief Executive Officer Robert Fisher.

    Pressler failed to revive flagging sales at the Gap and Old Navy chains, losing market share to discounters and teen retailers including American Eagle Outfitters Inc. and Abercrombie & Fitch Co. Four other Gap executives left this year before Pressler's departure.

    ``This is probably the first of other resignations at Gap,'' said Mark Montagna, an analyst at CL King & Associates in New York. ``This is also the beginning of hunkering down and focusing on turning the company around.''

    Gap spokesman Greg Rossiter said Harriss and Hansen weren't available for interviews. Fisher also wasn't available to comment. Harriss didn't immediately return a voicemail left on her work line and a call to Hansen's office was referred to Rossiter.



    Harriss, 54, started at Gap in 2004 as president of the outlet division. Previously she was president of Walt Disney Co.'s Disneyland Resort unit. Pressler also was an executive there. She earned $775,000 in salary and bonus in 2005, according to data compiled by Bloomberg.

    Harriss became president of Gap North America in May 2005. The division's sales declined 5.3 percent to $5.4 billion in the year ended Jan. 28, 2006. Annual sales at Banana Republic have been unchanged or up since Hansen took over in June 2003.
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  2. #2

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    Re: GAP North America President Cynthia Harriss Resigns - Bloomberg, 2/1/07

    GAP Inc. Press Release

    GAP INC. ANNOUNCES LEADERSHIP CHANGES AT GAP BRAND

    Marka Hansen Named Gap Brand President

    SAN FRANCISCO – February 1, 2007 – Gap Inc. (NYSE: GPS) announced today that Marka Hansen, 53, president of Banana Republic, has been named president, Gap North America, effective immediately. Ms. Hansen will report directly to Bob Fisher, Gap Inc.’s interim president and CEO. Ms. Hansen succeeds Cynthia Harriss, 54, who has resigned from the company.

    "During the past twenty years, Marka has developed a unique blend of deep merchandising expertise, extensive leadership experience and a real appreciation for the company’s culture and creative heritage,” said Mr. Fisher. “Marka also has demonstrated through her tenure at Banana Republic that she understands what it takes to lead an iconic apparel brand.”

    “I’m excited about the opportunity to lead the company’s flagship brand,” said Ms. Hansen. “While there are challenges that lay ahead, with the support of the extremely passionate, talented and committed Gap brand team, I’m confident that together we can reclaim Gap brand’s authority in casual apparel.”

    Ms. Hansen began her career with the company in 1987 as a merchandise manager for Banana Republic. She joined Gap’s International division in 1993 as vice president of merchandising leading the brand’s expansion into Europe and Japan, and was promoted to senior vice president in 1995. She briefly led Gap Inc.’s Human Resources organization beginning in 2000, before being promoted to executive vice president of Gap adult merchandising in 2002. Ms. Hansen became president of Banana Republic in 2003.

    “I want to thank Cynthia for her incredible efforts at both our Outlet business and Gap brand over the past three years,” said Fisher. “We all appreciate her hard work and wish her well in the future.”

    About Gap Inc.
    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, Old Navy, Forth & Towne and Piperlime brand names. Fiscal 2005 sales were $16.0 billion. Gap Inc. operates more than 3,100 stores in the United States, the United Kingdom, Canada, France, Ireland and Japan. In addition, Gap Inc. is expanding its international presence with franchise agreements for Gap and Banana Republic in Asia and the Middle East. For more information, please visit gapinc.com.
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  3. #3

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    Re: GAP North America President Cynthia Harriss Resigns - Bloomberg, 2/1/07

    Hey, maybe Eisner can hire Pressler and Harriss, for his new project!

  4. #4

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    Re: GAP North America President Cynthia Harriss Resigns - Bloomberg, 2/1/07

    Not surprising at all.

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    Re: GAP North America President Cynthia Harriss Resigns - Bloomberg, 2/1/07

    She was wearing this on the way out the door.. "My Boss got 12 mill for failing and all I got was this Gap T Shirt."
    "As usual he's taken over the coolest spot in the house"- Father re: Orville 1963

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  6. #6

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    Re: GAP North America President Cynthia Harriss Resigns - Bloomberg, 2/1/07

    Quote Originally Posted by Cousin Orville View Post
    She was wearing this on the way out the door.. "My Boss got 12 mill for failing and all I got was this Gap T Shirt."
    "Dope smoking insects and reckless driving always work." -- Cousin Orville

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    Re: GAP North America President Cynthia Harriss Resigns - Bloomberg, 2/1/07

    Cynthia is Pressler's little duckling who follows him wherever he goes. She probablly can't survive without having him around.

  8. #8

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    Re: GAP North America President Cynthia Harriss Resigns - Bloomberg, 2/1/07

    If it was her idea to slap hideous logos on red tshirts and make them the center of the collection, then good riddance.









  9. #9

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    Re: GAP North America President Cynthia Harriss Resigns - Bloomberg, 2/1/07

    How am I not surprised. Where to go now?
    -Jack
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    Re: GAP North America President Cynthia Harriss Resigns - Bloomberg, 2/1/07

    I totally predicted this in this weeks roundup. Sometimes I surprise myself
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  11. #11

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    Re: GAP North America President Cynthia Harriss Resigns - Bloomberg, 2/1/07

    I heard she wanted to have more time to paint!
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  12. #12

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    Re: GAP North America President Cynthia Harriss Resigns - Bloomberg, 2/1/07

    I just heard the "click" of Byron Pollitt's desk lamp turning off...
    "As usual he's taken over the coolest spot in the house"- Father re: Orville 1963

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    Re: GAP North America President Cynthia Harriss Resigns - Bloomberg, 2/1/07

    Quote Originally Posted by Cousin Orville View Post
    She was wearing this on the way out the door.. "My Boss got 12 mill for failing and all I got was this Gap T Shirt."
    Do I know you, Cousin Orville?

    Have you ever dropped names at Retlaw?

  14. #14

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    Re: GAP North America President Cynthia Harriss Resigns - Bloomberg, 2/1/07

    Quote Originally Posted by PragmaticIdealist View Post

    Have you ever dropped names at Retlaw?

    Not sure what you mean exactly. If I did, it would be like, "Gurley...party of two" or "Alweg...James Alweg". I doubt we've met.
    "As usual he's taken over the coolest spot in the house"- Father re: Orville 1963

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    Re: GAP North America President Cynthia Harriss Resigns - Bloomberg, 2/1/07

    Quote Originally Posted by Cousin Orville View Post
    Not sure what you mean exactly. If I did, it would be like, "Gurley...party of two" or "Alweg...James Alweg". I doubt we've met.
    Sorry about that... Your joke about Harriss was quite clever, and it reminded me of someone I know.

    If you haven't ever found your way into Retlaw's offices, then you're not the guy I'm thinking of. But, I'll have to remember to use Fred and James, next time, myself. Thanks for the tip.

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