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Gap Taps Disney Parks Chief as CEO

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By: TOM BRANNA

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Gap Inc., the largest U.S. specialty apparel retailer, on Thursday said it named Paul Pressler, head of Walt Disney Co.’s theme parks and resorts unit, to succeed Millard “Mickey” Drexler as its chief executive. The San Francisco company, which operates over 4,200 Gap, Banana Republic and Old Navy stores, has been seeking a successor for Mr. Drexler since May. Gap said Pressler will become president and CEO effective immediately. The company had said Mr. Drexler would retire as...

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