Target has appointed Arthur Valdez as its new Executive VP, Supply Chain and Logistics Officer, effective March 28, 2016. Valdez will lead the retailer’s supply chain transformation, including planning, distribution and transportation.
Valdez comes to Target from Amazon, where he held leadership positions across the company’s global and domestic supply chain for 16 years. He will report to Target’s Executive VP and COO John Mulligan.
“While we’ve made significant progress in improving our operations, Target’s growth hinges on our ability to enhance the fundamental aspects of our business, starting with the supply chain,” said Mulligan. “Arthur’s leadership and experience will be a tremendous asset as we continue to drive improvements in end-to-end processes including leveraging our almost 1,800 stores to deliver a seamless experience for our guests.”
The news comes after Target announced its fourth quarter and full-year 2015 financial results, showing 2.1% sales growth for the full year. These results put Target in a better position compared to retailers such as Sears and Walmart, which are resorting to terminating senior level positions and closing store locations in light of low profits.