Target (TGT) announced it has established a multi-year Enterprise Acceleration Office. Michael Fiddelke, chief operating officer, will oversee this effort to improve how functions work together to advance key priorities, ranging from simplifying cross-company processes to using technology and data in new ways to power the team. In addition to establishing the Enterprise Acceleration Office, the company shared a number of changes across its executive leadership team to more closely align key capabilities that will support further speed and connection across the organization. Prat Vemana, chief information and product officer, will report directly to Brian Cornell and take on leadership of the Target in India global capability center. Jim Lee, chief financial officer, will take on leadership of Target’s enterprise strategy and partnerships. Rick Gomez, chief commercial officer, will oversee Target’s enterprise insights team. With these changes, Christina Hennington, chief strategy and growth officer, will depart Target and move into a strategic advisor role through Sept. 7. Target also announced the departure of Amy Tu, chief legal and compliance officer. In the near term, Melissa Kremer, chief human resources officer, will oversee the function while the company conducts an external search.
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