GPS Gap Inc

By Maxwell Murphy 

Gap Inc., the San Francisco-based clothing chain that will lose its longtime finance chief early next year, named a veteran of Dick's Sporting Goods Inc. and Kraft Foods as its next CFO.

Teri List-Stoll will become CFO on Jan. 17, Gap said in announcement.

Ms. List-Stoll left her position as CFO of Pittsburgh-based retailer Dick's Sporting Goods last August and previously was CFO of Kraft Foods before it split into two companies in 2012. She is also on the board of directors of Microsoft Corp. and Danaher Corp.

Ms. List-Stoll takes the finance helm at Gap at the same time president-elect Donald Trump's team says it plans to dismantle the Dodd-Frank financial reforms. She said that companies which invested in complying with the regulations, and whose shareholders are happy with the results, will likely keep some of the measures even if the full act were repealed.

As a CFO, "there are a lot of things you would do because they're the right things to do," she said on the sidelines of the Financial Executives International conference in New York on Tuesday.

Gap announced earlier this month that Sabrina Simmons, its CFO for about a decade, would leave the company. Gap said at the time that she would leave the company on Feb. 1, 2017 and cease to hold the CFO position before that time on a "date to determined."

"She's been a proven CFO of two public companies," with more than three decades of experience, a Gap spokeswoman said of Ms. List-Stoll. She added that Ms. Simmons wasn't immediately available for an interview.

Gap recently reported that October sales were flat with the corresponding period a year ago.

Write to Maxwell Murphy at maxwell.murphy@wsj.com

(END) Dow Jones Newswires

November 15, 2016 18:18 ET (23:18 GMT)

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