Stefan Larsson

Education

Larsson received a Master of Science in Business Administration jointly from the Hanken School of Economics, in Finland, and Jönköping International Business School, in Sweden.

Career

Larsson will report to Lauren, who will remain with the company as its executive chairman and chief creative officer Prior to Larsson"s announcement at Ralph Lauren, he served as global president of Old Navy, part of The Gap"s portfolio, from October 2012 to September 2015. By offering trendy clothing at low prices and overhauling its global supply chain to increase speed to market, Larsson increased Old Navy"s revenue by nearly $1 billion.

Previously, Larsson worked for the Swedish fashion company Hennes & Mauritz (H&M) for nearly 15 years, rising to the position of Head of Global Sales "with functional responsibility for about 2,300 stores and nearly all of its $17 billion in annual sales." During that time, he was part of the executive team that increased annual revenues from $3 billion to $17 billion and expanded its operations from 12 to 44 countries.

He also oversaw real estate, store design and construction.

Achievements

• Larsson will replace the company"s founder, Ralph Lauren, as Chief Executive Officer in November 2015. He transformed Old Navy into Gap Incorporated."s top performing business unit, achieving three consecutive years of profitable growth and better sales revenues than Banana Republic and Gap.