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Gap CEO steps down

  Retail chain Gap says Glenn Murphy will step down as its chairman and CEO in February next year and the retailer will promote executive Art Peck to CEO.Gap said on Wednesday that Murphy was leaving at the end of its current fiscal year. He has been Gap’s chairman and CEO since July 2007.Peck is in charge of the company’s digital strategy and leads the company’s Athleta, Intermix, and Piperlime brands. He has worked for Gap since 2005.Bob Fisher, whose parents founded the