This excerpt taken from the GPS 8-K filed Oct 27, 2006.
GAP INC. ANNOUNCES CHANGE IN OUTLET DIVISION
SAN FRANCISCO October 26, 2006 Gap Inc. (NYSE: GPS) has announced that Diane Neal, 50, president of its Outlet division, will leave the company effective November 3.
I want to thank Diane for her many contributions to the Outlet division and to the company, said Paul Pressler, president and CEO of Gap Inc. With stores throughout the country, the Outlet division continues to be an important way for us to reach customers who love the Gap, Banana Republic and Old Navy brands.
The company is conducting a search for a successor to Ms. Neal. In the interim, the Outlet division leadership team will report to Mr. Pressler.