Target Names Former Amazon Executive Arthur Valdez Chief Supply Chain And Logistics Officer

Target Corp. has hired Arthur Valdez as chief supply chain and logistics officer, leading the company's transformation including planning, distribution and transportation, the retailer said in a Monday release. He is moving to Minneapolis to join the company, effective March 28. Valdez comes to Target from Amazon.com Inc. where he spent 16 years and held a number of leadership positions across the e-commerce company's domestic and global supply chain. He was most recently Amazon's vice president of operations focused on its international supply chain expansion. Target shares are up 8% for the year so far while the S&P 500 is down 4.7% for the same period.