Target CEO appoints new CFO and promotes two leaders in overhaul
Target’s new CEO appointed Jen Smith as chief financial officer, replacing John Mulligan, and promoted Katie Williams to chief operating officer while elevating Marcos Alvarez to head of supply chain. These moves mark the reshuffle since the CEO took charge on February 1 and aim to accelerate digital and logistics growth.
1. Leadership Changes
On February 1, the chief executive officer named Jen Smith as chief financial officer, replacing long-time finance leader John Mulligan, promoted Katie Williams to chief operating officer and elevated Marcos Alvarez to head of supply chain.
2. Growth Focus
The reshuffle underscores the CEO’s emphasis on accelerating e-commerce expansion and improving logistical efficiency, aiming to bolster digital capabilities and streamline inventory management in response to intensifying retail competition.