Target Continues to Shape Executive Team

Target Corp. CEO Brian Cornell took a major step in reshaping the company’s senior leadership Monday by elevating Chief Financial Officer John Mulligan to a new role and reaching outside the firm for a new finance chief. He tapped Cathy Smith, a former executive for Express Scripts and Wal-Mart, as Target’s chief financial officer, starting Sept. 1. Smith, 51, is the latest top-level executive Cornell has brought in from outside the company since he became chief executive a year ago, moves that are remaking a company that in the past was criticized for being too insular.