Here's Why Shares of Gap Are Higher Wednesday

Gap shares rose Wednesday after the company named Teri List-Stoll as its new CFO beginning in January.
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Shares of Gap Inc. (GPS) - Get Report were higher Wednesday after the company named a new CFO to succeed its outgoing CFO, who is scheduled to leave the company next February. Gap named Teri List-Stoll as its CFO in waiting. Stoll will take over the position on January 17. Stoll, who will be replacing current CFO Sabrina Simmons, has previously been the CFO of Dick's Sporting Goods (DKS) - Get Report and Kraft Foods (KHC) - Get Report .