Wires

FACTBOX-Gap goes in-house for new interim boss

Nov 8 (Reuters) - Robert Fisher, the son of Gap Inc's founders, took over as interim chief executive officer of the apparel retailer on Thursday, tasked with putting the company on the path to a turnaround and negotiating the planned spin-off of Old Navy.

Fisher, who serves as the company's chairman, replaced 15-year Gap veteran Art Peck, under whom sales of the company's eponymous brand have tumbled due to out-of-fashion styles and competition from retailers like Abercrombie & Fitch and Europe's H&M.

Here are some quick facts about Fisher:

** This is not the first time Fisher has been interim Chief Executive Officer, having held the role for about half of 2007 following the departure of Paul Pressler.

** Joined Gap in 1980 as a store manager and has since held roles including chief financial officer and chief operating officer of Gap Inc, president of Banana Republic and President of the GAP brand.

** Fisher quit as president of the Gap stores division in 1999, stating he wanted to "go fishing". However, he remained a board member and became chairman in 2004 when his father stepped down.

** Fisher, a Stanford and Princeton alum, is Gap's largest shareholder with a 12.5% stake, according to Refinitiv data.

** A San Francisco native, Fisher also serves on California's Strategic Growth Council. (Reporting by Praveen Paramasivam and Uday Sampath in Bengaluru Editing by Saumyadeb Chakrabarty)