Target’s new CEO makes changes to top management

Endaba Group

The US retailer Target has rearranged its top management following a major data breach and botched expansion into Canada. Target Corporation has promoted John Mulligan to the newly created role of Chief Operating officer to assist Brian Cornell, former PepsiCo Inc Executive who took the reins at Target a year ago, as he revitalises the retailer. Cathy Smith, who was the Chief Financial Officer of Express Scripts Incorporated, will succeed Mulligan as CFO. These appointments have been the largest management moves under Cornell to date.