Target’s chief merchandising officer to move into advisory role
MINNEAPOLIS — Target’s EVP, chief merchandising and supply chain officer, Kathee Tesija, will move into an advisory role, effective July 6, the company announced on Thursday.
Target chairman and CEO Brian Cornell issued the following statement:
“During Kathee’s nearly 30-year career at Target, she has earned a reputation as an outstanding merchant and business leader who has been instrumental in Target’s growth and our recent efforts to regain our momentum. Her leadership and countless contributions helped establish Target as one of America’s favorite retailers.
Over the past several months, Kathee and I have had many discussions about the business and together have decided that it is the right time for her to transition to an advisory role. In this role, she will spend the next several months contributing to key enterprise initiatives and ensuring a smooth transition of her responsibilities.
This role is critical to ensuring Target’s future success and we are conducting a comprehensive external and internal search for a new leader. On behalf of the entire Target team, I want to thank Kathee for all she has done on behalf of our company, brand, and team.”
Tesija joined Target in 1986 as a merchandise analyst, and has since held key leadership positions throughout the organization, including VP and SVP of various divisions. She was promoted to her current position in 2008 and added responsibility for the company’s supply chain in 2012.
Dollar General names interim CFO
GOODLETTSVILLE, Tenn. — Dollar General has appointed John Garratt as interim CFO, effective July 1.
He succeeds David Tehle, who announced his retirement in March.
The company has hired an executive search firm to assist with the search for a permanent CFO and stated that it will consider both internal and external candidates for the job.
“We are fortunate to have John serve as our interim CFO. I look forward to continuing to work with him as we execute our new store growth,” stated Todd Vasos, Dollar General’s CEO.
Garratt, who is currently the SVP of finance and strategy, will now oversee all aspects of the company’s financial, accounting and information technology operations until a new CFO is in place. Prior to joining Dollar General in 2014, Garratt held various positions of increasing responsibility in the finance organization of Yum! Brands between May 2004 and October 2014, and held leadership positions in corporate strategy and financial planning. Most recently, he was VP, finance and division controller for KFC.
Prior to Yum! Brands, Garratt served as plant controller for Alcoa from April 2002 to May 2004. He also spent three years with General Electric in various financial management roles with increasing responsibility. He started his career at Alcoa where he worked for approximately nine years from May 1990 to March 1999.