Gap Appoints Former Gymboree CEO To Lead Banana Republic

Gap Inc. said late Tuesday it appointed Mark Breitbard as president and chief executive officer of Banana Republic. Breitbard will report to Art Peck, Gap Inc. CEO. Breitbard is scheduled to join in May and prior to this position served as CEO of Gymboree Corp. until earlier this year. Shares of Gap were flat in late trading after ending the regular session up 0.7%.