John Mulligan, CFO of Target Corp., who previously did a four-month stint as its interim CEO in 2014, has now been promoted to the newly created role of COO, and the company has appointed Express Scripts Holding Co.’s CFO, Cathy Smith, as his replacement.
Target has said it will cut several thousand corporate jobs, revamp grocery operations and invest in technology and supply chain. Mulligan working as CFO from last three years would assume oversight of stores, supply chain and properties starting September 1.
