The FINANCIAL -- Gap Inc. announced that Tom Wyatt, president of its Old Navy brand, has resigned in order to take a position at another company outside of the apparel retail business, effective February 3, 2012, according  to Gap Inc..

The company has named two senior executives at Old Navy to lead the division, reporting to Gap Inc. Chairman and CEO Glenn Murphy, while a formal search for a new brand president is under way.Wyatt, 56, joined Gap Inc. in 2006, and served in roles leading the Gap Body and Outlet businesses. He was appointed president of the Old Navy brand in August 2008.

During his tenure, Wyatt evolved the brand’s family-friendly shopping environment in remodeled Old Navy stores, oversaw the creation of the successful Supermodelquins marketing campaign, and laid the groundwork for the brand’s upcoming global expansion. He also served on the Board of Trustees of Gap Foundation, and was a staunch advocate for the company’s long-standing commitment to community involvement.During this transition period for Old Navy, two Old Navy executives with more than 50 years of combined experience in retail and 20 years of combined experience within Gap Inc. will report directly to Murphy and lead the brand.

Nancy Green, EVP and chief creative officer for Old Navy, will continue to guide product development for the brand. Green has more than 19 years of experience within Gap Inc., having started as a merchandise trainee in 1986 and rising to senior merchandising roles for Old Navy and Gap. Tom Sands, EVP of Stores and Operations for Old Navy, will take on additional operational functions within the brand. Sands previously held senior operations roles within Gap Inc., after having established his retail career over 19 years with Target.

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