GAP Incorporated, the world's former foremost clothing firm
is to name Teri List-Stoll -- the Former CFO of Kraft -- to lead the vacant
position in the company.
Ms List-Stoll formerly worked as the CFO of Dick's Sporting
Goods and had left last August.
List-Stoll had resigned from Kraft after it split into two
separate entities in 2012. She is also a part of the Microsoft and Danaher
Corporation Board of Directors.
As newly-elected US President Donald Trump may make good on
his promise to dismantle the Dodd-Frank financial reforms, she said that
companies including Gap -- who intend to comply with the regulations and with
happy shareholders -- are likely to keep the regulations in check.
Gap announced the resignation of former CFO Sabrina Simmons
earlier this month. According to the clothing company
According to a Gap spokeswoman, Ms List- Stoll is a tested CFO of two public companies.
From her statement at the sidelines of the Financial
Executives International Conference in New York last Tuesday, she needs to do a
lot of things because they're the right things to do.
Her internment with Gap may begin after the company declares
that Ms Simmons' hold on the CFO position will last by February 1, 2017.
