TGT Target Corp

By Kimberly Chin

Target Corp. Chief Information Officer Michael McNamara said he intends to retire next year.

Mr. McNamara joined the big-box retailer in 2015, taking the reins from prior CIO Bob DeRodes and helping to guide the company through a large data breach in 2013. Prior to Target, he was the information chief at U.K.-based supermarket chain Tesco PLC.

Since joining the company, Mr. McNamara has helped bring the retailer's software development in-house and focus on technology projects that help drive revenue growth, such as those related to online shopping and same-day delivery or pickup.

Combined traffic to Target's stores and website increased 12.7% for the second quarter.

Mr. McNamara will remain in the CIO position until the company can find a replacement and will also help facilitate the transition, the company said in a securities filing.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

September 01, 2021 12:08 ET (16:08 GMT)

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