Target names new head of strategy, innovation
MINNEAPOLIS — Target has tapped a McKinsey veteran to head up its innovation efforts.
The retailer appointed Minsok Pak as EVP, chief strategy and innovation officer. He replaces Casey Carl, who left the company in May.
Pak, who will join the retailer on Sept. 11, will be responsible for Target’s enterprise strategy development and retail innovation with the goal of enhancing the shopper experience and accelerating growth. He will also oversee business development, including mergers, acquisitions, partnerships and joint venture initiatives.
Pak most recently served as senior VP, Lego Retail at The Lego Group. He was responsible for leading Lego's branded retail channel, including more than 250 stores and e-commerce sites across 24 markets.
Prior to Lego, Pak spent two decades with McKinsey, where he held various leadership roles and worked with leading global retail and consumer companies. Additionally, Pak led McKinsey’s digital transformation group. Pak also served (on temporary transfer from McKinsey) as the global EVP and chief strategy officer at LG Electronics.
"Minsok brings deep business acumen and proven leadership capabilities to Target," stated Target CEO Brian Cornell. "Throughout his career, he has counseled numerous companies and led through significant times of change. He brings 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,” said Cornell. “As we build an even better Target for tomorrow, we must plan purposefully to drive growth and continue instilling innovation in every part of our business. I am confident Minsok is the right leader to fill this critical role.”
Pak will report to Cornell, and serve as a member of Target’s Leadership Team.
Dougherty’s Pharmacy names proven litigator to board
DALLAS — Dougherty’s Pharmacy on Friday named Troy Phillips to its board of directors.
“Troy brings a unique skill set that we believe will be a tremendous addition to our board of directors,” stated James Leslie, chairman Dougherty's Pharmacy. “We believe his experience as a practicing attorney will be very beneficial to the company as he brings with him a vast array of knowledge and expertise.”
Phillips has been the chairman of the board and CEO of Glast, Phillips & Murray, a law firm, since 1992. An attorney for more than 43 years, Phillips specializes in business litigation matters and has extensive experience in corporate reorganizations. He is a member of the College of the State Bar of Texas and is an occasional speaker at legal and professional seminars.
Phillips earned his bachelor’s degree from North Texas State University and his law degree from the University of Texas at Austin.
Dougherty’s Pharmacy is a retail pharmacy chain focused on successfully acquiring, managing and growing community-based pharmacies in the Southwest Region of the United States. On June 9, 2017, the company changed its name from Ascendant Solutions to Dougherty’s Pharmacy to better reflect the corporate vision and operating structure.
Dollar General opens 14,000th store
GOODLETTSVILLE, Tenn. — A discount chain has reached a new milestone. Dollar General on Wednesday announced the opening of it 14,000th store, located in Dauphin, Pa., which it marked with a grand opening celebration.
“Dollar General is excited to celebrate our company’s continued growth by celebrating our 14,000th store grand opening today,” Dollar General CEO Todd Vasos said. “For nearly 80 years, Dollar General has continually been focused on delivering everyday low prices, convenience and value to the communities we serve. I am especially grateful to the more than 127,000 Dollar General employees who support the company every day through our mission of serving others, our customers and our communities in helping us reach this milestone.”
The company currently employs roughly 5,700 people in Pennsylvania across roughly 625 stores and its distribution center in Bethel.