Target names GM exec as chief risk and compliance officer

Minneapolis --Target Corp. has named Jacqueline Hourigan Rice as senior VP, chief risk and compliance officer. Rice is a 17-year veteran of General Motors, where she most recently served as chief compliance officer.



Rice joins Target effective Dec. 1, and will report directly to company chairman and CEO Brian Cornell. In addition, the company is elevating the position to include centralized oversight of enterprise risk management, compliance, vendor management and corporate security under her leadership.



“Earlier this year, Target stated our commitment to overhaul our information security and compliance structure and practices, and with that came the need to elevate the role of key positions in the company,” said Cornell. “Jackie is a proven leader with solid global experience and I know she has what it takes to help us move forward in this complex and ever-changing environment.”



Rice partly succeeds Ann Scovil, who retired in March as VP of assurance, risk and compliance. But in her expanded role, Rice will also be responsible for corporate security and its suppliers.



Earlier this year, Target announced that it was overhauling information security and compliance which included external searches for leaders in those areas.



In June, the retailer named Brad Maiorino as chief information security officer. He also had been with General Motors.