Gap appoints Teri List-Stoll as CFO, effective January 2017
Gap announced on Tuesday the appointment of Teri List-Stoll as Executive Vice President and Chief Financial Officer succeeding Sabrina Simmons, who announced her departure from the company on November 2, 2016. List-Stoll will assume the role of EVP and CFO on January 17, 2017, and will serve on the company’s senior leadership team.
List-Stoll joins Gap from Dick’s Sporting Goods where she served as EVP and CFO. She also served as CFO of Kraft Foods Group and spent almost two decades at Proctor & Gamble. The Northern Michigan University graduate and Certified Public Accountant began her career at Deloitte & Touche, and currently serves as a Board Member for Microsoft and Danaher.
As EVP and CFO, List-Stoll will oversee the company’s global finance function, loss prevention and corporate administration divisions. She will report to Gap CEO Art Peck.
Current Gap EVP and CFO Sabrina Simmons will shift into an advisory role through the remainder of fiscal year 2016 when List-Stoll joins Gap in mid-January. Simmons joined Gap in 2001 and served as CFO since 2007.
Gap released its October and third quarter sales results in November, which showed a decrease in Gap and Banana Republic sales and a continued positive performance from Old Navy. The company's results were hindered by the intentional fire at the Fishkill center in September.
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