Mark Kauzlarich | Bloomberg | Getty Images
Pedestrians pass in front of Gap Inc. and Old Navy Inc. stores in the Times Square area of New York.
Gap Inc. said Thursday it will split into two independent publicly traded companies – one of just old Banana Republic and Athleta.
Gap Inc.'s current CEO, Art Peck, wants to remain CEO of "NewCo," Gap said. Sonia Syngal, the current president and CEO of Old Navy, wants to lead the new stand-alone Old Navy company.
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