Here are just a few of the interesting executive changes making headlines over this past week:
Kimberly-Clark Absorbs New CIO
Kimberly-Clark, maker of Kleenex, Huggies, Kotex, and other personal care products, announced it hired Suja Chandrasekaran as its new CIO. Chandrasekaran joined Kimberly-Clark with decades of IT leadership experience in the consumer products and retail industries; she most recently served as SVP, CTO, and chief data officer at Walmart Stores. She has also worked in leadership positions at The Timberland Company, PepsiCo, and Nestle AG. Chandrasekaran succeeds Jennifer Sepull, who left in April to take the CIO role at insurer USAA.
Target Hires Chief Merchandising Officer from Nordstrom’s Executive Collection
This month retail giant Target hired former Nordstrom executive Mark Tritton as its new EVP and chief merchandising officer. Target chose Tritton, who was Nordstrom’s EVP and president of Nordstrom Product Group, after an exhaustive yearlong search. As chief merchandising officer, a vital role for retailers, he will be charged with managing Target’s product purchasing, sourcing, and private-label design and development, among other responsibilities. Concurrently, Target announced it promoted Jason Goldberger to chief digital officer and president of Target.com. Tritton and Goldberger will assume their new positions in early June.
Fuel-Economy Scandal Sparks Resignations at Mitsubishi
Japanese automaker Mitsubishi Motors announced the resignations of two senior executives, president and COO Tetsuro Aikawa and EVP Ryugo Nakao. Aikawa and Nakao are resigning to take responsibility for the fuel-economy scandal the company is currently embroiled in. Mitsubishi joined the growing list of troubled carmakers, like Volkswagen and Suzuki, after admitting in April it overstated fuel-economy mileage results for four of its minicar models, sold only in Japan. The senior-level resignations are the first step on a long road for Mitsubishi to restore trust with customers and turn around its sagging sales.
Look for more Executives on the Move next week!