Content about Doug Scovanner

January 24, 2012

Target Corp. announced it has promoted current senior VP-finance John Mulligan to executive VP and CFO, effective April 1.

Minneapolis -- Target Corp. announced Tuesday it has promoted current senior VP-finance John Mulligan to executive VP and CFO, effective April 1.

The announcement concludes a comprehensive search which included both internal and external candidates, said Target.

Mulligan succeeds Doug Scovanner, who announced his retirement last November.

A 16-year Target veteran, Mulligan has held leadership positions in finance, target.com and human resources.

November 1, 2011

Target CFO to retire

Target Corp. said Tuesday that its CFO and executive VP Doug Scovanner will retire from his posts effective March 31, 2012.

Minneapolis -- Target Corp. said Tuesday that its CFO and executive VP Doug Scovanner will retire from his posts effective March 31, 2012.

He will remain with the company for the next five months to assist with the transition, according to the retailer.

A successor has not yet been named.

Scovanner has served in his current role since 1999.

May 19, 2011

Target to invest more than planned to enter Canada

Target Corp. plans to spend more than it had forecast this year on its entry into the Canadian market as it nails down more of the best retail locations sooner than expected.

New York City -- Target Corp. plans to spend more than it had forecast this year on its entry into the Canadian market as it nails down more of the best retail locations sooner than expected.

The retailer said it will be able to “clarify” within weeks the number and locations of the first 100 to 150 stores it will open in Canada.

“We expect to close on higher value lease transactions sooner than expected,” Target CFO Doug Scovanner told analysts on a conference call Wednesday.

November 16, 2008

Target 3Q Profit Falls 24%

Target Corp. said Monday that a difficult retail environment and weak results from its credit-card...