Sonia Syngal is a famous Canadian-American businesswoman and former CEO of Gap, Inc., which is the largest clothing company in the United States.

Sonia Syngal

Sonia Syngal- Gap Inc

On Monday, Gap Inc announced that CEO Sonia Syngal would step down.

The apparel maker stated that chairman Bob Martin would instantly work as temporarily Chief Executive Officer effectual.

Sonia Syngal- Bob Martin

Sonia Syngal- Horacio Barbeito

The company has also announced that it has appointed ex-Walmart CEO Horacio Barbeito to fill the position of the executive of the Old Navy chain.

Gap said, Syngal also steps down from the company's board of directors.

Sonia Syngal- board of director

Syngal- US consumer

After more than two years in office, Gap Inc.'s CEO replaced Sonia Syngal as the youngest executive who couldn’t assist casual clothing company in reconnecting with US consumers.

Gap continues to forecast high-single-digit earnings for the second quarter. The stock traded at $8.50, down about 3% in expanding trade.

Sonia Syngal- Gap

The adjusted working margin is expected to be zero or slightly negative.

The last year salary of Sonia Syngal was $18.3 million. Her net worth is approximately $17.5 million.

Sonia Syngal Salary