SAN FRANCISCO – August 19, 2011 – Gap Inc. (NYSE:GPS) today announced that Colin Funnell has been promoted to lead the company’s Global Supply Chain division, effective September 1. He succeeds Stan Raggio, who will stay on until the transition is completed and leave the company in March.
Funnell joined Gap Inc. in 2004, and grew to take on roles of increasing responsibility within the company, serving in leadership capacities across global logistics, production and supply chain. Most recently, Funnell has served as SVP of global logistics and supply chain. As the new EVP of Global Supply Chain, Funnell will join the company’s executive leadership team and report directly to Gap Inc. Chairman and CEO Glenn Murphy.
Raggio joined Gap Inc. in 1991, serving as Vice President of International Logistics and then SVP of International Sourcing & Logistics before leaving the company in 2002. He returned in 2006 quickly making changes to strengthen and stabilize the company’s Supply Chain. Raggio was also part of the development team for the company’s industry leading factory compliance monitoring program.
“I’m grateful for Stan’s commitment to our company, and his many accomplishments to transform our global supply chain into a tightly run organization,” said Glenn Murphy, chairman and CEO of Gap Inc. “As his successor, Colin has developed a strong reputation over his seven years here as being a tenacious leader with the ability to solve complex problems and achieve impressive levels of productivity.”
Prior to joining Gap Inc., Funnell spent six years at Diageo, the International premium beverage company based in London, where he led operations and network supply for the company’s global supply division.
About Gap Inc.
Gap Inc. is a leading global specialty retailer offering clothing, accessories, and personal care products for men, women, children, and babies under the Gap, Banana Republic, Old Navy, Piperlime, and Athleta brands. Fiscal year 2010 net sales were $14.7 billion. Gap Inc. products are available for purchase in over 90 countries worldwide through about 3,100 company-operated stores, about 200 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.