Stay current on changes and developments in corporate law with a wide variety of resources and tools.
By Michael Greene
Nov. 13 — Continuing to grapple with fallout from its 2013 data breach, Target Corp. announced Nov. 6 that it has hired Jacqueline Hourigan Rice as its new senior vice president, chief risk and compliance officer.
Rice will be leaving General Motors Co. where she served as the company's chief compliance officer.
Target's move continues the company's shakeup of senior management after the company's 2013 data breach. Earlier this year, Gregg W. Steinhafel resigned as chief executive officer and president. The company chose PepsiCo. Inc. executive Brian Cornell to take over as chairman and CEO effective Aug. 21.
As of Aug. 2 estimates, the company has accrued $146 million dollars in expenses related to the breach.
Cornell said in a statement on the company's website regarding the Rice hiring, “[e]arlier 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.”
He added, “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.”
GM currently is involved in its own controversy. During a nine-year span, the automaker has spent $680 million to repair defective ignition switches in 2.6 million cars and $325 million to rework or replace ignition keys in 12.1 millions cars, according to an Oct. 23 regulatory filing.
The company is fighting two class action lawsuits regarding the ignition flaws (see related story, page 1485).
To contact the reporter on this story: Michael Greeen in Washington at firstname.lastname@example.org
To contact the editor responsible for this story: Ryan Tuck at email@example.com
Target's announcement is available at http://pressroom.target.com/news/target-names-jacqueline-hourigan-rice-as-senior-vice-president-chief-risk-and-compliance-officer.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)