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Article: DE SOLE JOINS GAP BOARD.(Domenico De Sole joins Gap Inc.)(Brief Article)
- Article from:
- WWD
- Article date:
- May 26, 2004
- Author:
CopyrightCOPYRIGHT 2004 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Not even a month after leaving Gucci Group NV, Domenico De Sole has fallen into the Gap.
Gap Inc., the San Francisco-based specialty retailer, said Tuesday that it named De Sole to its board of directors, where he will serve on the compensation and management development committee.
De Sole's appointment brings the total number of board members at Gap Inc. to 14, of whom 10 are independent, the company said in a statement.
When De Sole, 60, left the chief executive officer post at Gucci in April, he had an annual compensation of $2.7 million. In addition, De Sole exercised $30 million in options earlier in the year.
As with ...