Target Corporation (NYSE:TGT), the second largest discount retailer in the United States, appointed Brad Maiorino senior vice president and chief information security officer. The company is enhancing its security department in the wake of the massive data breach that compromised the debit and credit card accounts of millions of customers late last year.
Mr. Maiorino previously served as chief of information security and information technology risk officer at General Motors Company (NYSE:GM). He led the transformation of the automaker’s global information security and IT risk organization. Before his tenure at GM, Mr. Maiorino worked as chief information security officer at General Electric Company (NYSE:GE).
Mr. Maiorino will assume his position at Target Corporation (NYSE:TGT) on June 16. He will be responsible for the discount retailer’s information and technology risk strategies and ensuring that the company’s customers and team members are protected from internal and external information security threats.
One of the top leaders in information and security risk
Bob DeRodes, executive vice president and chief information officer for Target Corporation (NYSE:TGT), described Mr. Maiorino as one of the nation’s top leaders in the complex and evolving areas of information security and risk, given his experience as chief information security officer at General Motors Company (NYSE:GM) and General Electric Company (NYSE:GE), two of the largest companies in the United States.
“As an organization, we have made a commitment to our guests and our team that Target will be a retail leader in information security and protection. We believe Brad is the right person to lead that charge,” said DeRodes in a statement. Mr. Maiorino will report to him.
Target Corporation (NYSE:TGT) named DeRodes vice president and chief information officer last April. He replaced Beth Jacob, who left the company a month earlier.
Target transforming security and compliance structure
Target Corporation (NYSE:TGT) detailed the significant steps it has implemented to enhance its information and security systems in the months after the massive data breach last year. The retailer is also transforming its security and compliance structure practices. Some of its initiatives include enhancing monitoring, segmentation, logging, and security of accounts and installing application white-listing on point-of-sale systems.
Mr. Maiorino is confident that Target Corporation (NYSE:TGT) will be able to achieve its objective with the combination of its strong team and leadership commitment. He said, “I am looking forward to joining the Target team and helping them continue the progress they have made to be a retail leader in information security and protection.”