Target appoints new information officer
Target has announced more steps in its efforts to regain trust with its shoppers in the wake of a massive pre-Christmas data breach.
The Minneapolis-based retailer said Tuesday that it named outsider Bob DeRodes, who has 40 years of experience in information technology, as its new chief information officer. He replaces Beth Jacob, who abruptly left in early March.
DeRodes has been a senior information-technology adviser for the Center for CIO Leadership, the U.S. Department of Homeland Security, the secretary of defense and the Department of Justice. He will assume oversight of the company’s technology team and operations, effective May 5.
The nation’s third-largest retailer also announced that MasterCard Inc. will provide its branded credit and debit cards with the more-secure chip-and-PIN technology that it says will be coming out next year. That will make Target the first major U.S. retailer that will have its own branded cards with this technology, experts say.
“Establishing a clear path forward for Target following the data breach has been my top priority,” Gregg Steinhafel, Target’s chairman, president and CEO, said in a statement. “I believe Target has a tremendous opportunity to take the lessons learned from this incident and enhance our overall approach to data security and information technology.”
Target said it is continuing its search for a chief information-security officer and a chief compliance officer.
Target still is dealing with fallout from a massive breach that has hurt profits and sales and its reputation among shoppers worried about the security of their personal data.