Gap boss sacked after Christmas misery

Clothing giant Gap has dumped chief executive Paul Pressler after a year of broken promises that culminated in a dismal Christmas shopping season.

Gap boss sacked after Christmas misery
Tue, 23 Jan, 2007 - 07:22

Clothing giant Gap has dumped chief executive Paul Pressler after a year of broken promises that culminated in a dismal Christmas shopping season.

Pressler, Gap’s CEO since September 2002, will receive a severance package valued at €11.2m as he walks away from the disarray that has dragged down one of America’s largest merchants.

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