Tanger Welcomes Sonia Syngal to Its Board of Directors
Tanger Welcomes Sonia Syngal to Its Board of Directors
Tanger (NYSE: SKT), a prominent operator in the outlet and open-air retail shopping sector, is excited to announce that Sonia Syngal has been elected to its board of directors. This significant addition expands the board from nine to ten members, enhancing its strength and capacity.
About Sonia Syngal's Background
Sonia Syngal is a well-respected figure in the retail industry, having served as the former CEO of Gap Inc. for two impactful years. During her tenure, she faced unprecedented challenges and successfully stabilized the company financially while doubling the e-commerce revenue of its vast portfolio of consumer brands, which includes iconic names like Gap, Banana Republic, Old Navy, and Athleta.
Strategic Leadership Experience
Syngal's leadership journey reflects nearly 30 years of experience across various sectors, including retail, technology, and automotive. Her remarkable ability to innovate in product management and enhance global supply chain operations will be highly valuable to Tanger as it seeks to elevate the retail experience.
Comments from Tanger Leaders
Stephen Yalof, President and CEO of Tanger, expressed enthusiasm about Syngal's appointment, remarking that her extensive expertise as a Fortune 500 executive would significantly enhance the board's decision-making capacity. "Her skills in business strategy optimization and change management will be crucial as we work towards expanding our growth strategies," Yalof stated.
Support for Board Growth and Diversity
Bridget Ryan-Berman, lead independent director of the board, echoed similar sentiments, emphasizing the importance of having a leader with Syngal's experience in the fashion industry. "Welcoming Sonia is a huge step for us. Her insights and deep understanding will aid our efforts to broaden the board’s expertise and help guide Tanger through future growth phases," Ryan-Berman noted.
Syngal's Vision for Tanger
In her statement, Syngal expressed excitement about aligning with Tanger’s vision. She highlighted the company's commitment to enhancing its offerings and expanding its platform to improve the shopping experience for consumers. Syngal is eager to collaborate with the board and the leadership team to drive Tanger’s strategic initiatives.
Extended Contributions and Community Involvement
Beyond her role at Tanger, Syngal is actively involved in various philanthropic efforts. She serves on the board of governors for Boys & Girls Clubs of America and as a senior advisor for Accenture. Additionally, she supports the Journey to Lead initiative, a non-profit aimed at empowering visionary women leaders. Her past board service also includes significant roles at Gap Inc.
About Tanger
Tanger Inc. (NYSE: SKT) is a leading owner and operator of shopping destinations, specializing in outlet and open-air formats. With over 43 years of experience in the retail landscape, Tanger boasts a portfolio of 38 outlet centers strategically located across tourist destinations and vibrant markets in the U.S. and Canada. The company is dedicated to shaping an innovative retail experience, hosting over 3,000 stores from more than 700 renowned brands.
Frequently Asked Questions
Who is Sonia Syngal?
Sonia Syngal is the former CEO of Gap Inc. with nearly 30 years of experience in the retail sector.
What role will Sonia Syngal play at Tanger?
Sonia Syngal has been elected to the board of directors, where she will contribute her extensive industry expertise.
How will Sonia contribute to Tanger's growth?
Her background in e-commerce and strategic management will enhance the board's effectiveness in driving Tanger’s growth initiatives.
What other organizations is Syngal involved with?
Syngal is part of Boys & Girls Clubs of America and holds a position as a senior advisor at Accenture.
What is Tanger known for?
Tanger is known for its outlet shopping centers, offering a wide variety of brand-name stores and a unique shopping experience.
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