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Stefan Larsson, a former H&M executive who has been the president of Gap-owned Old Navy since 2012, will succeed him in November, the Ralph Lauren Corporation announced Tuesday.

Lauren is stepping down as CEO of the fashion and home decor empire that he founded almost 50 years ago, and Larsson, who has been the global president of Gap’s low-price Old Navy chain for three years, will succeed him.

Bringing the blur of a distant world into sharp focus, NASA unveiled its first intimate images of Pluto on Wednesday, revealing with startling clarity an eerie realm where frozen water rises in mountains up to 11,000 feet high.