Tech chief at Target resigns

by The City Wire staff ( 5 views 

Target said Beth Jacob, the retailer’s chief information officer resigned today (March 5) amid a restructuring of its information and compliance division following the pre-holiday data breach. Jacob has overseen information security since 2008 for the retailer.

Target CEO Gregg Steinhafel said the company will search for an interim chief information officer who can help guide the company through the transformation.

The retailer said it is working with an outside adviser, Promontory Financial Group, to help it evaluate its technology, structure, processes and talent as part of the divisional restructuring.