Target's merchandising exec stepping down from post
NEW YORK (AP) — Target says that its chief merchandising and supply chain officer, Kathryn Tesija, is exiting her post.
The retailer said in a regulatory filing on Thursday that Tesija, who also serves as executive vice president, will move temporarily to a strategic adviser role on July 6. The company She plans to leave the company in April 2016.
Tesija had served in the roles since October 2012, according to CapitalIQ. She joined Target Corp. in 1986.
Under CEO Brian Cornell, who joined the company in August, Target is emphasizing areas like fashion, children's products and home furnishings. It is also bringing more organic, natural, gluten-free and locally produced food into its grocery sections.
Target, based in Minneapolis, intends to eliminate $2 billion in spending over the next two years.
Its shares rose 26 cents to $84.58 in morning trading.