March 5 (Bloomberg) — Target Corp., still reeling from a security breach that exposed the personal information of tens of millions of customers, is seeking a new top technology executive as part of an overhaul of its operations.
The company is searching externally for a candidate to replace Beth Jacob, who had held the chief information officer post since 2008. The new executive will help revamp Target's information-security and compliance operations, Chief Executive Officer Gregg Steinhafel said today in an e-mailed statement. Promontory Financial Group will advise on the overhaul, he said.
Steinhafel has been has been working to keep customers coming into stores after hackers stole card data and personal information from millions of shoppers. The second-largest U.S. discount retailer last month posted fourth-quarter profit that topped analysts' estimates, signaling it's regaining shoppers' loyalty.
Target also will elevate the position of chief information- security officer and hiring externally for that job, Steinhafel said.
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