Tanger Welcomes Sonia Syngal to Its Board of Directors
Tanger (NYSE: SKT), a leading player in the outlet and open-air retail shopping industry, is thrilled to announce the election of Sonia Syngal to its board of directors. This important addition brings the board's membership from nine to ten, which strengthens its expertise and effectiveness.
About Sonia Syngal's Background
Sonia Syngal has made a name for herself in the retail world, especially during her tenure as CEO of Gap Inc., where she led for two transformative years. She tackled unprecedented challenges head-on, managing to stabilize the company financially while simultaneously doubling online sales across its well-known brands, including Gap, Banana Republic, Old Navy, and Athleta.
Strategic Leadership Experience
With nearly three decades of leadership experience across retail, technology, and automotive sectors, Syngal's journey is quite impressive. Her exceptional skills in product management and optimizing global supply chain operations are expected to offer significant value to Tanger as it aims to enhance the retail experience.
Comments from Tanger Leaders
Stephen Yalof, Tanger's President and CEO, shared his enthusiasm for Syngal's inclusion on the board, emphasizing that her extensive experience as a Fortune 500 executive will greatly enrich the board's decision-making capabilities. "Her expertise in business strategy and change management will be vital as we work on broadening our growth strategies," Yalof remarked.
Support for Board Growth and Diversity
Bridget Ryan-Berman, the lead independent director of the board, echoed these thoughts, stressing the need for a leader with Syngal's fashion industry background. "Bringing Sonia on board is a significant milestone for us. Her insights and profound understanding will help us enhance our board's expertise and steer Tanger through its upcoming growth phases," Ryan-Berman stated.
Syngal's Vision for Tanger
In a statement, Syngal expressed her enthusiasm about joining Tanger and aligning with its vision. She emphasized the company's dedication to enhancing its services and expanding its platform to elevate the shopping experience for customers. Syngal looks forward to partnering with the board and the leadership team to push Tanger’s strategic goals forward.
Extended Contributions and Community Involvement
Apart from her role at Tanger, Syngal is engaged in various philanthropic endeavors. She serves on the board of governors for Boys & Girls Clubs of America and acts as a senior advisor for Accenture. Additionally, she's an advocate for the Journey to Lead initiative, a non-profit focused on empowering women leaders. Her prior board experience also includes significant roles at Gap Inc.
About Tanger
Tanger Inc. (NYSE: SKT) is a prominent owner and operator of shopping centers that specialize in outlet and open-air formats. With over 43 years in the retail market, Tanger operates a portfolio of 38 outlet centers located in tourist hotspots and dynamic markets throughout the U.S. and Canada. The company is committed to creating an innovative retail experience, featuring more than 3,000 stores from over 700 recognized brands.
Frequently Asked Questions
Who is Sonia Syngal?
Sonia Syngal is the former CEO of Gap Inc., bringing nearly 30 years of experience within the retail industry.
What role will Sonia Syngal play at Tanger?
Sonia Syngal has joined the board of directors, where she will share her extensive knowledge of the industry.
How will Sonia contribute to Tanger's growth?
Her expertise in e-commerce and strategic management will significantly enhance the board’s effectiveness in driving Tanger’s growth initiatives.
What other organizations is Syngal involved with?
Syngal is involved with Boys & Girls Clubs of America and also serves as a senior advisor at Accenture.
What is Tanger known for?
Tanger is well-known for its outlet shopping centers, providing a diverse selection of brand-name stores and a distinct shopping experience.
