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Gap International Chief Leaves for Equity Firm

February 11, 2006|From Bloomberg News

Gap Inc. said the president of the international division resigned to take a job with a private equity firm.

Andrew Rolfe, 39, is leaving after Gap's international comparable sales declined the last two years. Rolfe won't be replaced and Gap's Europe and Japan divisions will report to Chief Executive Paul Pressler, the San Francisco-based retailer said.

Rolfe is at least the fourth executive to leave the company recently.

Gap shares fell 10 cents to $18.25.

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