Target names new chief information officer
Target has announced more steps in its efforts to regain shoppers' trust from the pre-Christmas data breach.
The Minneapolis-based retailer said Tuesday that it named outsider Bob DeRodes, who has 40 years of experience in information technology, as its chief information officer. He replaces Beth Jacob, who abruptly left in early March.
DeRodes has been a senior information technology adviser for the Center for CIO Leadership, the Department of Homeland Security, the secretary of Defense and the Department of Justice. He will assume oversight of the company's technology team and operations, effective May 5.
The nation's third-largest retailer announced that MasterCard Inc. will provide its branded credit and debit cards with the more secure chip-and-PIN technology that it said will be coming out next year. That will make Target the first major U.S. retailer that will have its own branded cards with this technology, experts say.