Target Taps Cara Sylvester as Chief Merchandising Officer and Lisa Roath as Chief Operating Officer

Leadership Changes - Target has announced executive leadership changes under new CEO Michael Fiddelke to accelerate growth plans [1][8] - Cara Sylvester has been appointed as chief merchandising officer, while Lisa Roath has been named chief operating officer [1][4] - Rick Gomez, the chief commercial officer, will depart, and Jill Sando, chief merchandising officer for apparel and accessories, will retire [4][5] Strategic Focus - The leadership changes are part of a strategy to strengthen merchandising authority and enhance guest experience [7][8] - Fiddelke emphasized the need for aligning talent with key roles to simplify the structure and advance strategy with speed and clarity [8] Workforce Adjustments - Target is laying off approximately 500 employees to address declining sales, consolidating districts to streamline operations [6] - The layoffs will affect about 100 jobs from district offices and 400 from the supply chain, with no impact on store roles [6] Executive Experience - Sylvester's background includes experience in digital, loyalty, and marketing, with a focus on growing revenue and market share [9] - As the singular merchandising chief, Sylvester is expected to enhance Target's capabilities in product development and design [9]