Target Corporation is making changes to its corporate roster. The company promoted John Mulligan to executive vice president and chief operating officer, overseeing stores, supply chain and properties. Cathy Smith will join Target as executive vice president and chief financial officer. Both appointments will be effective September 1, 2015.
Mulligan has worked at Target since 1996, beginning as a financial analyst and moving into roles including director of Target.com finance, director of capital investments, vice president of pay and benefits, vice president of financial planning and analysis and senior vice president of treasury and accounting. He has served as the company’s chief financial officer since 2012.
Brian Cornell, Target’s chairman and chief executive officer, said, “John 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.”
As CFO at Target, Smith’s responsibilities will include treasury and tax, internal and external financial reporting and operations, financial planning and analysis, internal audit, investor relations and Target’s financial and retail services business.
Before joining Target, Smith served as executive vice president and chief financial officer at St. Louis-based Express Scripts, a Fortune 20 company and the nation’s largest pharmacy benefit manager with $100 billion in revenue. She has also held CFO positions at Walmart International and GameStop.
Target will report its second quarter financial results on August 19 and host a conference call with investors in which Cornell, Mulligan and Smith will participate.