News Feature | September 11, 2017

Target Loses Chief Risk And Compliance Officer

Christine Kern

By Christine Kern, contributing writer

Omni-Channel Expansion At Target

Position will not be refilled as the retailer continues to transform itself.

Target's chief risk and compliance officer, Jackie Rice, one of several executives hired in the wake of the 2013 massive data breach, has made the "personal decision" to leave the company at the end of the month to spend more time with her family, who live away from the retailer’s Minneapolis headquarters, according to a Target spokesperson. Rice will not be replaced, and the approximately 60 individuals on her team will report directly to chief legal officer Don Liu.

Earlier this year, changes in the corporate command structure meant that Rice now was reporting to Liu instead of Cornell.  Rice’s departure is effective as of September 30.

Rice was one of the first major hires in 2014, after CEO Brian Cornell took the reins. She came to Target in a position that was elevated to a C-Suite role, reporting directly to Cornell as he tried to recovery from the blow of the 2013 data breach.

Her departure is just one of a number of recent turnovers for the retailer. Departures include Dustee Jenkins, Target's chief communications officer; Jason Goldberger, president and chief digital officer of Target.com, Brad Maiorino, the information security expert, and c-level executives like Casey Carl (formerly its chief innovation officer), Jeff Jones (formerly the chief marketing officer) and Tina Tyler (who ran Target's stores). These departures also come just as the company is in the midst of a transformation of its brick-and-mortar footprint, fulfillment systems and merchandising. 

"We are extremely thankful for the work Jackie led in the past three years to strengthen our risk and compliance efforts," Target said in a statement. "Her contributions will continue to serve Target well now and in the future."