GAP appoints internal candidate as new CFO

Gap Inc. yesterday announced that Sabrina Simmons, the company’s executive vice president of corporate finance and acting chief financial officer, has been promoted to the position of chief financial officer, effective immediately. She will continue to report to Glenn Murphy, Gap Inc.’s chairman and chief executive officer, and serve on the company’s Executive Leadership Team.

Ms. Simmons, 44, joined Gap Inc. nearly seven years ago as vice president and treasurer. Prior to being named the company’s executive vice president and acting chief financial officer in August 2007, Ms. Simmons served as senior vice president of corporate finance where she was responsible for all corporate finance functions including controllership, corporate finance planning and analysis, investor relations, treasury, tax and risk management.

Ms. Simmons received her B.S. in Finance from the University of California, Berkeley and her M.B.A. from the University of California, Los Angeles. She is also a California Certified Public Accountant.