Mar 07Off with Their Department Head. Target CIO Resigns — Effective Immediately.
Did Beth Jacob leave Target as she said in her resignation letter because “this is a good time for a change”? Or was she forced to resign as chief information officer as a result of the massive Target breach? That would have to be your call.
Jacob, who has been Target’s CIO since 2008, joined the company in 1984 starting as an assistant buyer in the Dayton’s department store division. After leaving in 1986 she returned in 2002 as director of guest contact centers. Then in 2006, she became vice president of guest operations and was subsequently named senior vice president and CIO in 2008.
In his Minneapolis/St. Paul Business Journal piece, John Vomhof noted that, “She added the title of executive vice president in 2010.” Vomhof also mentioned that Jacob was one of the Minneapolis/St. Paul Business Journal’s 2012 CIO of the Year honorees.
And Jacob is not the only senior executive leaving. Target’s current vice president of assurance risk and compliance is retiring at the end of the month – though it’s reported that he’d planned to retire.
Chairman, President and CEO Gregg Steinhafel said Target planned to overhaul its information-security team and would be conducting an external search for an interim CIO. Steinhafel explained, “To ensure that Target is well positioned following the data breach we suffered last year, we are undertaking an overhaul of our information-security and compliance structure and practices at Target.”
Steinhafel said the company would be elevating the chief information security officer position and would be working with the D.C.-based Promontory Financial Group to help Target “evaluate [its] technology, structure, processes and talent.”.