Target CEO explains chief tech officer’s departure

Still in the wake of the massive data breach that hit the retail chain over the holidays, the company will be ‘elevating the role’ of chief information officer.

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The hammer dropped with a thud on Wednesday, when the company announced that Chief Information Officer Beth Jacob had resigned. In a statement to PR Daily, Target CEO Gregg Steinhafel explained how the company would move forward. Here’s his statement, in full:

While we are still in the process of an ongoing investigation, we recognize that the information security environment is evolving rapidly. To ensure that Target is well positioned following the data breach we suffered last year, we are undertaking an overhaul of our information security and compliance structure and practices at Target. As a first step in this effort, Target will be conducting an external search for an interim CIO who can help guide Target through this transformation.

Target also provided Jacob’s resignation letter, which doesn’t mention the breach but does say that “this is a good time for a change.”

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