Changes with Target Corp.‘s top brass keep coming.
The company named Cathy Smith as its new chief financial officer and John Mulligan to a new role as executive vice president and chief operating officer, effective Sept. 1. Mulligan had served as cfo since 2012.
Both report to chairman and chief executive officer Brian Cornell. On Friday, the company said merchandiser Jose Barra had left the company.
“[Mulligan] has unparalleled expertise in Target’s business and I am very pleased that he will be assuming this new leadership position. Bringing together key operations functions under John will put Target on a more progressive path to transformation and help us break down barriers to deliver improvements across our business,” Cornell said. “As our new cfo, Cathy brings significant business and retail expertise to Target. Her background will be integral to accelerating our long-term growth strategy.”
Mulligan is a Target veteran who has been with the company since 1996. Prior to this new role and as cfo, he worked in various positions at the retailer including serving as its interim president and ceo.
Mulligan said, “Integrating operations will help further fuel Target’s transformation and as [chief operating officer], I’ll prioritize driving improvements in the fundamental areas of our business and equipping the team to move quickly. By working strategically across the enterprise, we will build on the critical capabilities that will fuel Target’s differentiation in the marketplace. Achieving operational excellence is foundational to Target’s long-term success.”
Prior to joining Target, Smth was cfo at Express Scripts and served in various roles at Wal-Mart Stores International and GameStop, among others.
The company reports second-quarter results on Aug. 19, and Cornell, Mulligan and Smith will participate, the retailer said.