Retail News Breaks Archives
Reports: Target CIO leaves company
March 5th, 2014
MINNEAPOLIS – In the wake of Target Corp.'s massive data breach, chief information officer Beth Jacob reportedly has resigned from the company.
Target chairman, president and chief executive officer Gregg Steinhafel said in an e-mailed statement that the discount store retailer is searching outside the company for a new CIO, published reports said Wednesday.
That executive will lead the ongoing revamp of the retailer's computer systems and network security in the wake of the huge data breach that struck Target during the holiday shopping season, which resulted in the theft of customer data and has since hurt sales.
"We are undertaking an overhaul of our information security and compliance structure and practices at Target," Steinhafel said.
Target also plans to elevate the role of its chief information security officer. The company is currently working with an external adviser, Promontory Financial Group, to evaluate its technology, structure, processes and staffing, Steinhafel said.