Discounter’s head of risk and compliance to depart

Target is losing another key executive.



Jackie Rice, Target's chief risk and compliance officer, announced she will be leaving the company at the end of the month. Rice announced that leaving is a personal decision, and she wants to be closer to her family who lives outside of Minneapolis, according to the Minneapolis-St. Paul Business Journal.



Rice, who joined Target in 2014, was responsible for overseeing the enterprise’s risk management, compliance, vendor management and corporate security. She lead a team focused on evolving and enhancing enterprise risk and compliance standards to protect Target and the company’s stakeholders, including customers, team members and vendors.



Rice’s team, which is comprised of approximately 60 associates, will now report to chief legal officer Don Liu, who has a background in risk compliance. The company does not plan to replace her, the report said.



In the report, a Target spokesperson said, via an email, that the company was "extremely thankful for the work Jackie led in the past three years to strengthen our risk and compliance efforts." Rice was hired by CEO Brian Cornell, shortly after he joined the company in 2014 — and on the heels of Target’s high-profile data breach in a year earlier.



Rice’s upcoming departure is the latest in a string of leadership changes at Target in the last year. These include the addition of a new chief digital officer, head of grocery operations and leader of innovation and strategy.