By Dean Seal

 

John Mulligan, Target's first chief operating officer, plans to retire from the retailer in February.

Target said in a securities filing Tuesday that Mulligan has provided notice of his intention to retire in February.

At that time, he is expected to transition to a strategic advisor role and serve as a non-executive officer until February 2025.

The material terms of Mulligan's strategic advisor agreement will be disclosed once they are finalized, Target said.

Mulligan was serving as Target's chief financial officer when he was promoted in 2015 to the then-newly created role of chief operating officer as part of an overhaul of Target's executive team. He had served briefly as interim CEO in 2014 before Chief Executive Brian Cornell joined the company.

 

Write to Dean Seal at dean.seal@wsj.com

 

(END) Dow Jones Newswires

October 17, 2023 07:41 ET (11:41 GMT)

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