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Gap names Bill Fisher to its board to fill vacancy left by founder member

Posted on: Wed, 18 Nov 2009 07:33:00 EST

Symbols: GPS

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Nov 18, 2009 (M2 EQUITYBITES via COMTEX) --
GPS | Quote | Chart | News | PowerRating -- Specialty retailer Gap Inc (NYSE:GPS) disclosed on Tuesday that Bill
Fisher was appointed to the board with immediate effect, to fill the
vacancy left by the demise of his father and co-founder of the company,
Don Fisher.

Two members of the Fisher family have been serving on the board since
the company went public in 1976 with Fisher joining his brother, Bob
Fisher, who has been in this post since 1990. Their mother and
co-founder of the company Doris Fisher is an honorary lifetime director.

With a 15 year experience in the company, Fisher worked in different
operating roles beginning as a Banana Republic store manager in 1984.
Later he joined Gap brand, starting and building the International
Division with operations in Canada, France, the UK and Japan.

Fisher left the company in 1998 and founded private equity fund
Manzanita Capital which he continues to guide presently, besides
working with several non-profit organisations in San Francisco as well.

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