Target bolsters exec team with new hires as it continues to focus on digital efforts
MINNEAPOLIS — Target has announced the addition of three new external senior-level hires, who will have responsibility for leading teams across information technology, e-commerce and digital products.
Jim Fisher joins Target as SVP infrastructure and operations, Target technology services, where he will oversee Target’s technical infrastructure and operations. His 35-year career has included roles at the Home Depot, Macy’s and IBM. Immediately before Target, Fisher was SVP global infrastructure operations at First Data Corp. He was responsible for security engineering and operations, database and data administration, asset management and IT facilities.
Alan Wizemann joins Target as VP Target.com and mobile product, where he will oversee digital product teams. For the past two years, Wizemann had been consulting with Target and leading various product teams, including Target’s mobile coupon app Cartwheel. Prior to Target, Wizemann founded ShopIgniter, a social commerce and marketing platform, and also worked with several other startups.
David Weissman joins Target as president of DermStore, based in El Segundo, Calif., which Target acquired last year. Weissman was previously at BCBG Max Azria Group, where he was EVP e-commerce and omnichannel. He also held several senior-level positions during his 10-year tenure at GSI Commerce.
“At Target, we’ve said one of our top priorities is accelerating our digital transformation, and these new hires are a signal of our commitment to that effort,” said Jodee Kozlak, chief human resources officer for Target. “Jim, David and Alan are proven leaders who we believe will help Target deliver great new experiences for our guests, whether in stores, online or on the go.”
Today’s announcements come after a number of other recent external senior-level hires, including: Brad Maiorino, SVP and chief information security officer; Peter Glusker, SVP new business integration and operations; and Kristi Argyilan, SVP media and guest engagement.
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Tyson Foods set to acquire Hillshire Brands
SPRINGDALE, Ark. & CHICAGO — Tyson Foods and Hillshire Brands last week announced an agreement under which Tyson Foods will acquire all outstanding shares of Hillshire Brands. The all-cash transaction is valued at $8.6 billion, which includes Hillshire Brands' oustanding net debt. Additionally, Tyson Foods will make a payment of $163 million to cover the termination fee that resulted in Hillshire Brands' terminated merger agreement with Pinnacle Foods.
“By investing in Hillshire Brands and its collection of leading brands, we have a unique opportunity to transform an important segment of our business, and position Tyson Foods to meet American consumers’ growing demand for protein at breakfast and throughout the day,” said Donnie Smith, president and CEO of Tyson Foods. “We operate in a competitive and complex marketplace that demands bold steps to remain an industry leader. I am confident that together Tyson Foods and Hillshire Brands have the right products and the right people to create years of enhanced shareholder value and ensure more choices for our customers and consumers.”
The combination of the two companies is promising, as it will help reposition Tyson as a leader in the prepeared foods category, the companies said. Hillshire Brands' robust roster of products in the breakfast category also will allow Tyson to capture numerous opportunities.
“We are confident that the two companies can learn a great deal from each other, and we recognize that Hillshire Brands’ value comes from its people, brands and processes. As we begin planning how to bring these companies together, we intend to proceed in a thoughtful manner that honors the strengths embedded in both cultures that have made each of them successful," Smith said.