Target Names Cathy Smith CFO, John Mulligan COO

Target Corp. has named Cathy Smith executive vice preisdent and CFO. She will formally join the company on September 1 from Express Scripts, the pharmacy benefits manager, where she was also executive vice president and CFO. Serving as her advisor during the transition is John Mulligan, who has been promoted to a new role within the company, executive vice president and COO, effective September 1. He will oversee stores, supply chain and properties. He's been with Target since 1996, starting as a financial analyst and last serving as CFO, a role he held since 2012. He also served as Target's interim president and CEO between May and August 2014. Target will report its second-quarter earnings on August 19.