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Gap's CEO Pick Surprises
Updated from 4:45 p.m. EDT
Gap(GPS Quote) surprised Wall Street Thursday by naming a Canadian drugstore executive as its new CEO.
The San Francisco-based retailer tapped Glenn Murphy, chairman and chief executive of Shoppers Drug Mart, after an intense six-month search.
Murphy will replace Bob Fisher, the son of Gap's founders, who had been serving as CEO on an interim basis since the January departure of Paul Pressler. ...
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