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GAP CEO, Paul Pressler, Leaves the Gap - Various Sources 1/22/07

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  • GAP CEO, Paul Pressler, Leaves the Gap - Various Sources 1/22/07

    GAP CEO, Paul Pressler, Leaves the Gap

    From WWD.com (Women's Wear Daily) 1/22/07:
    Pressler Leaves Gap

    After a stormy four and half years at the helm of the Gap Inc., Paul Pressler is finally out.

    His tenure was marked by declining market share, negative sales comps across the Old Navy and Gap divisions, massive executive turnover, and failed attempts to revive the brands through new marketing ploys and store redesigns.

    Chairman Bob Fisher, son of Gap Inc. founder Don Fisher, has been named interim ceo. A search for a successor to Pressler is underway.
    Washington Post 1/22/2007:
    Gap CEO Paul Pressler steps down

    LOS ANGELES (Reuters) - Gap Inc. Chief Executive Paul Pressler, under pressure over the retailer's struggling sales and stock price, resigned effective immediately, the company said on Monday.

    Nonexecutive chairman Robert Fisher will fill in on an interim basis.

    Pressure on Pressler had been mounting over the past year, and especially in recent weeks, as the iconic retailer of casual American apparel has failed to turn around disappointing sales.
    Full story HERE
    Last edited by Dustysage; 01-22-2007, 02:13 PM.
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  • #2
    Gap CEO Paul Pressler steps down - Reuters, 1/22/07

    http://today.reuters.com/news/articl...&from=business


    Gap Inc. Chief Executive Paul Pressler, under pressure over the retailer's struggling sales and stock price, resigned effective immediately, the company said on Monday.


    Nonexecutive chairman Robert Fisher will fill in on an interim basis.
    Pressure on Pressler had been mounting over the past year, and especially in recent weeks, as the iconic retailer of casual American apparel has failed to turn around disappointing sales....

    Many retail watchers have questioned whether Pressler, who arrived at Gap in September 2002 after 15 years at Walt Disney Co. was the right person to lead the company since he lacked retail experience.
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    • #3
      Re: GAP CEO, Paul Pressler, Leaves the Gap - Various Sources 1/22/07

      And here is the MiceChat Discussion Thread on Paul Pressler's downfall
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      • #4
        Re: GAP CEO, Paul Pressler, Leaves the Gap - Various Sources 1/22/07

        :lmao:

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        • #5
          Re: GAP CEO, Paul Pressler, Leaves the Gap - Various Sources 1/22/07

          Originally posted by aimster View Post
          :lmao:
          Me sentiments exactly.
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          • #6
            Re: GAP CEO, Paul Pressler, Leaves the Gap - Various Sources 1/22/07

            He has a history now. I'm just wondering which unlucky company will get him next. Perhaps he can go work for one of Disney's competitors.
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            • #7
              Re: GAP CEO, Paul Pressler, Leaves the Gap - Various Sources 1/22/07

              He got rich leaving. I think he gets like 12 million or so in stock, etc and if they sell he gets more. Falling up.
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              • #8
                Re: GAP CEO, Paul Pressler, Leaves the Gap - Various Sources 1/22/07

                Originally posted by Cousin Orville View Post
                He got rich leaving. I think he gets like 12 million or so in stock, etc and if they sell he gets more. Falling up.
                Yeah. Too bad the arrow missed.

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                • #9
                  Re: GAP CEO, Paul Pressler, Leaves the Gap - Various Sources 1/22/07

                  Frankly I don't think this deserves to be listed here as a Disney news story as it's hardly related to TWDC and only appears here because of this site's forerunners grudge with the man.

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                  • #10
                    Re: GAP CEO, Paul Pressler, Leaves the Gap - Various Sources 1/22/07

                    I think it is a Disney-worthy news story. I don't have an axe to grind, but I must say that I was unsurprised by Pressler's failure at the Gap.
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                    • #11
                      Re: GAP CEO, Paul Pressler, Leaves the Gap - Various Sources 1/22/07

                      I think it's Disney News worthy. He is responsible for a lot of things that the parks are trying to fix now.

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                      • #12
                        Re: GAP CEO, Paul Pressler, Leaves the Gap - Various Sources 1/22/07

                        ADMIN NOTE:

                        Back on topic please. This thread isn't about whether or not this is worthy of being posted here. Discuss the news or don't discuss. Thanks,

                        -Dusty
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                        • #13
                          Re: GAP CEO, Paul Pressler, Leaves the Gap - Various Sources 1/22/07

                          OK, I won't ... I just think there are more newsworthy items that affect Disney today to discuss. And whether you liked or hated or had no opinion of Paul, he was ultimately placed in a job he was ill-suited for so to be a fall guy for the big cheese.

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                          • #14
                            Re: GAP CEO, Paul Pressler, Leaves the Gap - Various Sources 1/22/07

                            No new news
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                            • #15
                              Re: GAP CEO, Paul Pressler, Leaves the Gap - Various Sources 1/22/07

                              Maybe he'll work for the government now!

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