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Target CFO to retire

This article was originally published in Foodnews

DOUG Scovanner is to retire as executive vice president (EVP) and chief financial officer (CFO) of Target, the US retail chain. Gregg Steinhafel, Target’s chairman, president and chief executive, said Scovanner made “many significant contributions to Target” and, thanks to his financial leadership, the company continues to deliver “outstanding” sales and earnings growth. Scovanner began his career at Dayton Hudson in 1994 as senior vice president of finance. He became chief financial officer later that year and became EVP and CFO in 1999. A successor for Scovanner, who will leave the company on 31 March, 2012, has not yet been named.

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