Gap appoints Teri List-Stoll as CFO, effective January 2017

By

Obi Anyanwu

Published
Nov 15, 2016

Gap announced on Tuesday the appointment of Teri List-Stoll as Executive Vice President and Chief Financial Officer succeeding Sabrina Simmons, who announced her departure from the company on November 2, 2016. List-Stoll will assume the role of EVP and CFO on January 17, 2017, and will serve on the company’s senior leadership team.

 
List-Stoll joins Gap from Dick’s Sporting Goods where she served as EVP and CFO. She also served as CFO of Kraft Foods Group and spent almost two decades at Proctor & Gamble. The Northern Michigan University graduate and Certified Public Accountant began her career at Deloitte & Touche, and currently serves as a Board Member for Microsoft and Danaher.
 
As EVP and CFO, List-Stoll will oversee the company’s global finance function, loss prevention and corporate administration divisions. She will report to Gap CEO Art Peck.

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Current Gap EVP and CFO Sabrina Simmons will shift into an advisory role through the remainder of fiscal year 2016 when List-Stoll joins Gap in mid-January. Simmons joined Gap in 2001 and served as CFO since 2007.
 
Gap released its October and third quarter sales results in November, which showed a decrease in Gap and Banana Republic sales and a continued positive performance from Old Navy. The company's results were hindered by the intentional fire at the Fishkill center in September.