Among several leadership changes, Target Corp. announced that Stephanie Lundquist, who has served as chief HR officer since 2016, has been named president of food and beverage. In a new role for the company, Lundquist will oversee the full spectrum of all merchandising and operations for food and beverage, including strategy development and implementation. 
Lundquist and the newly integrated team will focus on accelerating progress, strengthening cross-functional alignment and driving operational excellence throughout the enterprise. Lundquist joined Target in 2005 and brings enterprise leadership and operations experience to her role. She will remain a direct report to Chief Executive Officer Brian Cornell and a member of the company’s leadership team.
Chief Financial Officer Cathy Smith will be retiring from the company. Smith will continue in her role as CFO until her successor is named, and then move to an advisory role until May 2020 to ensure a smooth transition. Target is conducting a comprehensive internal and external search for its next CFO and a search firm has been retained to assist in the process.
“On behalf of our Board of Directors and Target’s entire team, I want to thank Cathy for her leadership and valuable contributions since joining the Company in 2015. Cathy’s deep expertise and leadership helped usher in strategic change for Target and positioned us for sustainable, long-term growth,” said Cornell. “I appreciate the role Cathy will continue to play as we identify a successor and manage a seamless transition.”
“I’m proud of the team’s accomplishments and all the progress we’ve made. I am excited about what is in store for Target and myself as I plan for retirement, including freeing up more time for my family,” said Smith. “As we look ahead to 2019, Target is in a position of strength and poised to continue building on its momentum.”
In addition, Target announced a series of changes to its leadership team:
Melissa Kremer, senior vice president of HR, has been promoted to Target’s chief HR officer, taking on leadership of the enterprise-wide human resources strategy for Target’s 350,000 team members globally. Kremer, who has been with the company since 2004, has led HR strategy and operations; HR business partnership, including support of Target’s largest commercial businesses; and the talent management functions of recruiting, learning, leadership development and strategic workforce planning. Kremer will join Target’s Leadership Team and report to Cornell.
Katie Boylan, senior vice president of communications, has been named chief communications officer, with oversight of internal communication, corporate and brand communication, public affairs and crisis and issues management. She will report to the CEO. Boylan, who joined Target in 2011, brings 20 years of experience to her role, including work with multiple national consumer brands.
Mike McNamara, Target’s chief information officer, will now lead the Enterprise Data Analytics and Business Intelligence team, in addition to his leadership of Target’s Technology Services. Under McNamara’s leadership, the team will continue to provide data-driven counsel and expertise to enterprise business partners. McNamara joined Target in 2015 after serving in various roles with European-based retailer Tesco and has transformed Target’s approach to its information technology strategy, team and operating systems.
Chief Marketing Officer Rick Gomez has been named chief marketing and digital officer and will now lead Target’s digital team, focusing on its important role in personalization, loyalty and the overall shopping experience. Gomez joined Target in 2013 and was named CMO in 2017, with a focus on strengthening Target’s brand positioning and driving the business. Prior to Target, Gomez held various positions at MillerCoors, PepsiCo and the Quaker Oats Co.
