Drugstore Exec to Take Charge of Gap
Gap Inc. has appointed Glenn Murphy as its new chairman and chief executive officer. Mr. Murphy has over 20 years of
Glenn Murphy, chairman and chief executive officer, Gap Inc.
retailing experience, most recently as chairman and CEO at Shoppers Drug Mart in Canada. His career also includes stints with Loblaw Companies and Chapters, a book retailer.
Mr. Murphy replaces Robert Fisher who served as interim CEO while the company conducted its search.
“Glenn is known for being a decisive leader with great retail instincts who understands his customers,” said Mr. Fisher in a company press release. “He has revitalized major retail brands by offering new products and significantly improving the store experience. He’s well qualified to return Gap Inc. to the level of sustained performance we all expect.”
Adrian Bellamy, chairman of The Body Shop International and Reckitt Benckiser, led Gap’s search for a new leader.
“When we met Glenn the entire board unanimously agreed that we’d found the right leader for our company,” said Mr. Bellamy. “His proven retail skills and demonstrated financial results complement the strong brand leaders we have running our core businesses. We are confident he will prove to be a very successful leader of our management team in the years ahead.”
As CEO of Shoppers Drug Mart, Mr. Murphy oversaw a company that achieved revenue growth for 22 consecutive quarters.
“I’m thrilled with this opportunity to lead Gap Inc. given the company’s iconic stature and heritage of innovation and creativity,” said Mr. Murphy. “Alongside some of the most talented people in the apparel industry, we’ll work to reestablish each brand’s leadership position and set the company along a path of sustained earnings performance.”
Discussion Questions: What is your reaction to Gap’s selection of Glenn Murphy as its new chairman and CEO? What will he need to do to get the company and its retail brands turned around?