Global fashion group Gap Inc, which also owns brands such as Old Navy and Banana Republic, has named Richard Dickson as its new president and chief executive officer, starting on August 22.

Dickson was most recently the president and chief operating officer of Mattel, where he led the transformation of iconic brands at the toymaker including Barbie, Hot Wheels and Fisher-Price. 

Dickson’s previous roles include president and chief executive at The Jones Group, co-founder of high-end cosmetics etailer and an executive at Bloomingdale’s.

He will replace Gap’s interim chief executive Bobby Martin who will continue to serve as the chair of the board at Gap Inc and ensure a smooth transition.

Lead independent director at Gap Mayo A. Shattuck III said: “Richard has invaluable expertise in areas critical to the work Gap Inc is doing to strengthen the company for the long term. We are thrilled to have his visionary leadership as the company redefines the future potential of Gap Inc and its renowned American fashion brands.” 

“On behalf of the Gap Inc board and management team, I want to thank Bobby Martin for serving as interim CEO during this important time and the teams who have moved quickly to simplify the company’s operating model, increase the speed and quality of decision making and restore its creative muscle – work that will pay back for years to come.” 

Dickson said: “Gap Inc is a portfolio of iconic brands, known for having defined American style with bold thinking and making quality fashion accessible to millions. But it’s the work ahead that excites me most – the chance to work hand-in-hand with the teams to evolve Gap Inc for a new era.”  

“Under Bobby’s leadership, the team has begun to truly reset the company for long-term success, establishing a new foundation that I’m eager to build on.”