Targets taps former Tesco exec for CIO

Mike McNamara, a 15-year veteran with Tesco, will replace outgoing CIO Bob DeRodes

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Target Corp. has a new chief information office. The Minneapolis-based retailer announced Tuesday that former Tesco IT chief Mike McNamara will take on the role of CIO, replacing Bob DeRodes.

The leadership change is the latest in a string of executive shakeups since the retailer was hit with a massive data breach in November 2013.

DeRodes, who is said to be retiring, was brought on board last May to bolster Target's cybersecurity efforts following the breach and the subsequent resignation of former Target CIO Beth Jacobs. He is credited with hiring Brad Maiorino, who is now Target's first chief information security officer, and helming the upgrade process of Target's POS devices.

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Target says that DeRodes will stay on for a period of time in an advisory role while McNamara transitions into the CIO position. But judging from his resume, McNamara should already be well versed in the IT needs of a large retail chain. During his 15 years with Tesco, McNamara played a key role in modernizing the company's IT and supply chain operations, and helped establish it as one of the world's largest online retailers.

"Technology is critical for Target's future success. So finding the right leader for this role was one of my absolute top priorities," Cornell said. "Mike has been a driving force for technology innovation throughout his career. He's got a stellar track record, and I'm excited to see how he'll help our team continue to push new innovations that enhance the shopping experience for Target guests, both online and in stores."

In his new role at Target, McNamara will oversee the company's technology team and operations, including information security, as well as help shape its overall digital enterprise strategy.

Previously: Target's data breach tab mostly covered by insurance so far | How hackers stole millions of credit card records from Target | Target hackers hit air-conditioning firm first as a way in | Target's data breach: It gets worse | Many times bitten, retailers scramble to prevent another Target-like meltdown | Visa CEO: We need better security, EMV chips, tokens