Target announced that Kathee Tesija will step down from her role as chief merchandising and supply chain officer. Target is now conducting a comprehensive external and internal search for a new CMO.
"During Kathee's nearly 30-year career at Target, she has earned a reputation as an outstanding merchant and business leader who has been instrumental in Target's growth and our recent efforts to regain our momentum," said Target CEO Brian Cornell.
"Over the past several months, Kathee and I have had many discussions about the business and together have decided that it is the right time for her to transition to an advisory role… On behalf of the entire Target team, I want to thank Kathee for all she has done on behalf of our company, brand, and team."
Tesija will continue receiving her current salary, Fortune reported, and will move into an advisory role effective July 6. Press Release