Angelica LaVito, CNBC, Wed, 23 Aug 2017
Target has named consultant and retail veteran Minsok Pak as its chief strategy and innovation officer.
Pak will focus on enhancing Target’s shopping experience and accelerating the discount retailer’s growth, Target said in a press release. He will also oversee business development, which includes mergers and acquisitions.
Target CEO Brian Cornell praised Pak, saying the executive will bring “strategic vision, an innovative spirit and an ability to address complex business challenges by capturing near-term opportunities and charting a course for the future.”
Pak is slated to start Sept. 11.
Shares of Target were nearly flat in late-afternoon trade.