"For nearly 35 years, Terry has been a valuable member of this Target team," said Gregg Steinhafel, Chairman, President and CEO. "And, for the past decade, Terry’s leadership and his vision have led to the creation of an exceptional suite of financial products and services, which were critical in strengthening guest loyalty and delivering substantial profitable growth. I appreciate his many contributions and am grateful that Target will continue to benefit from Terry’s expertise during this transitional period."
Since joining the company in 1979, Mr. Scully has held a variety of financial and credit card roles. In 1998, he became Vice President of Finance for Target Financial Services, and he was promoted to his current role in 2003.
Target also announced today that Scott Kennedy, 44, Vice President, Pay and Benefits, is being promoted to succeed Mr. Scully as President of Target Financial and Retail Services. Mr. Kennedy joined Target in 2005 as Vice President, Assurance. During his tenure with Target, he has also held positions as Vice President, Controller and Vice President of Finance for Target Financial Services. He was named to his current role in 2010.
"Scott brings strong leadership, strategic perspective and broad financial experience to his new role," said John Mulligan, EVP and CFO. "I am confident that Target Financial and Retail Services will continue to thrive under his direction."
Minneapolis-based Target Corporation serves guests at 1,787 stores – 1,784 in the United States and three in Canada -- and at Target.com. Since 1946, Target has given 5 percent of its profit through community grants and programs; today, that giving equals more than $4 million a week.
Textiles | On 22nd Oct 2016
The Central government is likely to extend the recently approved Rs...
Apparel/Garments | On 22nd Oct 2016
Reebok, a pioneer in the sporting goods industry, has brought sneaker ...
Studio Priyanka Rajiv
‘To reinvent the age-old tradition of embroidery to suit demographics and...
‘Sustainable fashion is trending upwards, slowly but surely, as people...
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016
'Major problem in the textile machinery manufacturing industry is the lack ...
Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...
About one in every 20 patients picks up an infection while hospitalised....
Voith Paper GmbH & Co. KG
The glass mat industry is growing by five to eight per cent annually. Kai...
Hyderabad-based designer Prathyusha Garimella is known for blending...
Occasions Elegance Wear
It is believed that by early 19th century, Varanasi weavers had moved away ...
Silvia Venturini Fendi
"Yes, my confidence and positive attitude are my strengths and should be...
Apparel/Garments | On 21st Oct 2016