ANNE D’INNOCENZIO, AP Retail Writer
Target Names New Chief Risk Officer
NEW YORK (AP)-Target Corp. has named a General Motors executive to be chief risk and compliance officer as the retailer continues to overhaul its security department in the wake of last year’s massive data breach.
Jacqueline Rice's Background and Role
The Minneapolis-based company said Jacqueline Hourigan Rice will join Target Dec. 1 in a senior vice president role and will report directly to Brian Cornell, who took over as CEO in August. Rice had most recently been chief compliance officer at General Motors.
Transition and Expanded Responsibilities
Rice partly succeeds Ann Scovil, who retired in March as vice president of assurance, risk and compliance. But Rice fills a new and expanded role to include responsibility for corporate security and its suppliers. Unlike Scovil, Rice will report directly to Target’s CEO.
Target's Response to Data Breach Incident
Target has been overhauling its security as it tries to put last year’s pre-Christmas data breach behind it.
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