Kathee Tesija, executive vice president, chief merchandising and supply chain officer, will “move into an advisory role” at Target Corp. starting July 6, the company said this morning.
Brian Cornell, chairman and chief executive officer, said in a statment that during Tesija’s 30-year career at the mass retailer, “she has earned a reputation as an outstanding merchant and business leader who has been instrumental in Target’s growth and our recent efforts to regain our momentum.”
Cornell went on to say that mutual discussions led to a decision that was “the right time for her to transition to an advisory role. In this role, she will spend the next several months contributing to key enterprise initiatives and ensuring a smooth transition of her responsibilities.”
“This role is critical to ensuring Target’s future success and we are conducting a comprehensive external and internal search for a new leader,” the ceo added.