Millard S. Drexler
| Millard S. Drexler | |
|---|---|
| Born | August 17, 1944 |
| Nationality | American |
| Alma mater |
University at Buffalo Boston University |
| Occupation | Business executive |
Millard "Mickey" S. Drexler (born August 17, 1944) is the former CEO and current Chairman of J.Crew Group and formerly the CEO of Gap Inc. He was a director at Apple Inc. from 1999 to 2015.
Drexler was born to Jewish parents in the Bronx, his mother died when he was 16. He studied at the Bronx High School of Science, City College of New York, and University at Buffalo. He later received an M.B.A. from Boston University.
In the mid-1970s, Drexler was a merchandising vice-president at Abraham & Straus in Brooklyn, New York. He has also worked at Ann Taylor, Bloomingdale's, and Macy's.
Mickey Drexler was on Apple Inc’s board from 1999 until 2015.
Drexler is often credited with Gap's meteoric rise during the 1990s. Until then Gap had been a relatively small chain selling private and public brands. Under Drexler the company made a dramatic shift to private label brand merchandise and expanded rapidly to become an iconic part of 1990s pop culture. Television advertisements featuring songs such as "Mellow Yellow" and "Dress You Up in My Love" showcased the relaxed American casual look that defined the Gap brand. On May 22, 2002, however due to a sales slump and ballooning debt, plus his management style which clashed with the Fisher family, Drexler was abruptly forced to announce his retirement by Gap founder Donald Fisher. Drexler stayed on as CEO until September 26, 2002 when Paul Pressler was named as his successor. Drexler was bitter about his ouster and he was vindicated when sales rebounded one month after his departure.
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