Art Peck served as President and CEO of Gap Inc. (NYSE: GAP) from February 2015 to November 2019, overseeing the company’s portfolio of brands including Gap, Old Navy, Banana Republic, and Athleta. A former senior partner at the Boston Consulting Group with 18 years of management consulting experience, Peck joined Gap in 2005 and led the company’s digital transformation efforts before rising to the CEO role. He departed amid declining sales at the flagship Gap brand and a failed attempt to spin off Old Navy as a separate public company. Since leaving Gap, Peck has served as an investor and advisor to fashion brand The Great., launched a $200 million SPAC targeting consumer brands, and was appointed Chair of the Occidental College Board of Trustees in 2025.

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Art Peck – Quick Facts

Early Life & Education

Art Peck was born in 1955 in the United States. Even from a young age, Peck knew he wanted to pursue a career in business. He enrolled at Occidental College in Los Angeles, where he majored in economics, graduating with a Bachelor of Arts degree in 1977. At Occidental, Peck developed a passion for analytical thinking and global perspectives that would later define his business career.

After earning his undergraduate degree, Peck immediately went on to Harvard Business School, where he completed his MBA in 1979 at just 24 years old. After graduating from Harvard, he moved back to Los Angeles and worked for two years at what is now Avery Dennison, an experience that grounded him in manufacturing and operations. It was during this time that he met his future wife, Kirsten Frank (also an Oxy graduate, class of 1979), through a mutual college friend.

Career History

Art Peck’s career spans over four decades in management consulting and retail leadership. After his two years at Avery Dennison, Peck moved to Chicago when his wife was accepted to business school at Northwestern University. He joined the Chicago office of the Boston Consulting Group (BCG), one of the world’s premier management consulting firms, where he would spend the next 18 years.

Boston Consulting Group (1982–2005)

At BCG, Peck rose from consultant to Senior Partner and Managing Director, specializing in retail, consumer goods, and corporate strategy. His nearly two decades of consulting work gave him deep expertise in brand strategy, digital transformation, and operational efficiency—skills he would later apply at Gap Inc.

Gap Inc. (2005–2019)

Peck joined Gap Inc. in 2005 as Executive Vice President of Strategy and Digital, overseeing the company’s e-commerce and digital initiatives during a critical period of the retail industry’s online shift. He championed Gap’s early adoption of data-driven marketing and online retail strategies.

In February 2011, Peck was promoted to President of Gap North America, taking over the flagship brand at a time when it had “fallen out of fashion.” He worked to modernize the brand’s image and improve merchandising. In this role, he gained the operational retail experience that positioned him for the top job.

Art Peck Career Timeline

CEO of Gap Inc. (2015–2019)

Art Peck was appointed President and CEO of Gap Inc. in February 2015, succeeding Glenn Murphy. He inherited a company with annual revenue of approximately $16.4 billion and a portfolio of four major brands. Peck’s strategic vision centered on transforming Gap into a digitally native retail company while revitalizing the struggling flagship Gap brand.

Key Initiatives Under Art Peck

• Digital transformation: Expanded Gap’s e-commerce capabilities and invested in data analytics for personalized marketing and inventory management
• Athleta expansion: Grew the Athleta brand significantly, positioning it as a competitor to Lululemon in the women’s activewear segment
• Old Navy growth: Old Navy continued to be the company’s strongest performer, reaching approximately $8 billion in annual revenue
• Old Navy spinoff proposal: In early 2019, announced plans to spin off Old Navy as a standalone public company, which was later abandoned
• Store closures: Closed hundreds of underperforming Gap and Banana Republic locations as part of a rationalization strategy

Departure from Gap Inc.

On November 7, 2019, Gap Inc. announced that Art Peck would step down immediately as President and CEO. The departure came amid falling stock prices—the company’s shares had lost more than half their value during his tenure—and persistent declines in comparable sales at the flagship Gap brand. The planned Old Navy spinoff, once considered Peck’s signature move, had been cancelled just weeks earlier in January 2020 (formally announced October 2019). Robert Fisher, son of Gap’s founders, was named interim CEO while the company searched for a permanent successor.

Leadership & Achievements

During his 14-year tenure at Gap Inc. (2005–2019), Art Peck made several lasting contributions to the company:

• Built Gap’s digital business: Grew e-commerce from a small fraction of revenue to a significant channel, laying the groundwork for the company’s online capabilities during the COVID-19 era
• Grew Athleta: Nurtured Athleta from a niche brand into a billion-dollar business competing with Lululemon
• Data-driven retail pioneer: One of the first major apparel CEOs to champion data analytics and algorithmic approaches to merchandising and inventory management
• Closed underperforming stores: Made difficult but necessary decisions to close hundreds of Gap and Banana Republic stores, right-sizing the physical footprint
• International expansion: Expanded Gap Inc.’s presence in China, Japan, and other international markets through franchise partnerships

Personal Life

Art Peck married Kirsten Frank (Occidental College class of 1979), whom he met through a mutual Oxy friend, Audrey Heller. Kirsten comes from a multi-generational Occidental College family. The couple has four children and resides in San Francisco, California.

Peck has maintained strong ties to his alma mater, Occidental College. In April 2025, he was appointed Chair of the Occidental College Board of Trustees, succeeding Lisa Link. He assumed the chairmanship at the inauguration of the college’s 17th president, Tom Stritikus. Peck is an active philanthropist and advocate for liberal arts education.

Art Peck Net Worth & Salary at Gap Inc.

Art Peck’s exact net worth is not publicly tracked since he moved to private ventures and advisory roles after leaving Gap. Based on his compensation history and public stock filings during his time at Gap, his net worth is estimated at $20–30 million.

Gap Inc. CEO Compensation History

What Is Art Peck Doing Now? (2026)

Since departing Gap Inc. in November 2019, Art Peck has remained active in the retail and fashion industries through several ventures:

• The Great. (2020–present): Peck serves as an investor and advisor to The Great., a women’s apparel and lifestyle brand co-founded by designers Emily Current and Meritt Elliott. The brand focuses on California-inspired clothing and has built a loyal following.
• Good Commerce Acquisition Corp. (2021–2022): Peck launched and led this $200 million SPAC (Special Purpose Acquisition Company) as CEO and Chairman, targeting fashion, apparel, and lifestyle brands. Vice Chairman Gary Wassner (CEO of Hilldun Corporation) and President Abinta Malik (former Gap EVP) joined the venture. However, the SPAC withdrew its IPO filing in March 2022 as the broader SPAC market cooled.
• Salesforce Global Advisory Board (2021–present): Appointed to Salesforce’s advisory board, providing retail and digital commerce expertise to the enterprise software company.
• Occidental College Board of Trustees (2025–present): In April 2025, Peck was appointed Chair of the Board of Trustees at his alma mater, Occidental College, succeeding Lisa Link. He assumed the role at the inauguration of President Tom Stritikus.

Contact & Social Media

Art Peck maintains a relatively low public profile since leaving Gap Inc. Below are his known professional profiles:

Frequently Asked Questions (FAQ)

Article last updated:March 2026March 4, 2026