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Target names new chief information officer, announces partnership with MasterCard

The leadership shuffles at Target continue.

The retailer appointed a new chief information officer to replace Beth Jacob — the executive who stepped down in March and the only high-level departure since the company suffered a data breach last year that affected up to 110 million customers.

Bob DeRodes, a former technology consultant to government agencies, including Homeland Security and Justice departments, will take the reins on May 5, Target said in a statement Tuesday. DeRodes will be responsible for guiding the company through a major security overhaul in wake of the breach. He will also develop a long-term digital strategy for the company, the company said.

Target also announced a partnership with MasterCard as it moves toward implementing more secure payment technology in its stores. The retailer has already been working on switching its in-store terminals to accept chip-and-PIN cards, which the company said should be completed by September.

Target said it will replace all existing REDcards, starting in early 2015, and issue new cards with MasterCard-branded chip-and-PIN technology.

How long it takes to report data breaches

“Target and MasterCard are taking an important step forward in providing consumers with a secure shopping experience, and the latest in payments technology,” said Chris McWilton, MasterCard’s president for North American markets.

Target said it is still conducting an “active search” for a chief information security officer and a chief compliance officer and re-iterated its support for a uniform data breach notification law.

Amrita Jayakumar covers national startups, small business issues and entrepreneurship.
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