The top executive at Gap Inc.’s fastest growing division, Old Navy, has resigned to become CEO of Ralph Lauren.
Sean P. Murphy has been hired as a consultant to advise management regarding strategic and other business matters.
Ralph Lauren Corp. on Friday announced that Roger Farah, executive chairman, will retire at the end of May. He will remain on the company’s board until his terms expires in August.
Ralph Lauren Corp. is shuttering its Rugby division, Crain’s New York reported.
Ralph Lauren Corp. has appointed Christopher H. Peterson as SVP and CFO. He succeeds Tracey Travis, who resigned in July to join The Estee Lauder Cos. Inc.