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McClatchy-Tribune  06/10/2014 4:11 PM ET
Target sees more top-level moves - literally [Pioneer Press, St. Paul, Minn. :: ]

June 10--Target's interim CEO didn't mince words: "All across Target, we need more 'leadership' and less 'committee.' "

In a bracing memo to all Target employees, John Mulligan continued his efforts to get the Minneapolis-based discount chain to do less mulling and more moving.

"Thirty days ago, we promised to remove roadblocks, streamline decision making and generally make Target less bureaucratic," Mulligan wrote.

After Target's previous CEO and chairman Gregg Steinhafel was fired by the board in May, Chief Financial Officer Mulligan stepped in as interim CEO and with the board's approval began making changes to Target's corporate culture. He retains the CFO title.

Mulligan said the New Target is trying to "unleash a test-and-learn mentality as we work fast to execute on our top three priorities."

On Wednesday, Target will hold its annual shareholders meeting in Dallas, and the discount giant will have a lot to talk about.

In addition to Steinhafel's exit, Target is still dealing with fallout from a massive data breach over the holidays, its struggles with its Canadian expansion and shortfalls in its financial results. Plus, outside analysts are urging that some of Target's board members be replaced.

Plus Target's executive suite keeps changing -- both literally and operationally.

On Tuesday, Target named the information security chief for both General Motors and General Electric to the newly created position of Target's chief information security officer. Brad Maiorino will begin at Target on June 16.

"Having led this critical function at two of the country's largest companies, Brad is widely recognized as one of the nation's top leaders in the complex, evolving areas of information security and risk," Target's Chief Information Officer Bob DeRodes said in a statement.

Target's executive suite is changing in other ways. In his memo, Mulligan said Target is moving all its top executives to the same floor, the 26th floor at its downtown Minneapolis headquarters.

Mulligan said Target is also "modernizing or simply eliminating Target's four longstanding governance meetings: Supply Chain Council, Marketing Review, Prototype & Design Committee and Capital Expenditures Committee."

He wrote, "Finally, we're taking a close look at strategy and asking ourselves the hard questions, starting with: why are we here?"

Tom Webb can be reached at 651-228-5428. Follow him at


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