Gap Inc. is appointing a new CEO for Old Navy, while the FED held a meeting in Jackson Hole amid oil price volatility linked to Middle East stability.

The entities involved

• Gap Inc. →

  American multinational clothing and accessories retailer

  • Danny Cavanagh joined Gap Inc. in 2001.Mon 07:08
  • Kirsten Green joins Gap Inc.'s board of directors.Mon 04:38
• Old Navy →

  American clothing and accessories retailer

  • Gap Inc. expanded its portfolio of iconic brands to include Athleta, Old Navy, and Banana Republic.Sat 20:46
  • Old Navy and The Walt Disney Company are long-time collaboration partners in the retail sector.Fri 00:14
• FED →

  business

  • US-Iran truce aims to reopen Strait of Hormuz amid global monetary policy shifts and oil price drops.Mon 17:37
  • Iran closed the Strait of Hormuz, halting petroleum liquids movement and raising inflation concerns, which Donald Trump views as a potential solution.Mon 16:16

Related events

• Gap Inc. appointed Michael Francis to lead Old Navy, while the company reported strong sales growth and increased profit forecasts.Aug 27
• Richard Dickson, tasked with reinvigorating Gap Inc., has been appointed as the incoming CEO of the Old Navy banner.Aug 27