Minneapolis -- Target Corp. announced Tuesday it has promoted current senior VP-finance John Mulligan to executive VP and CFO, effective April 1.
The announcement concludes a comprehensive search which included both internal and external candidates, said Target.
Mulligan succeeds Doug Scovanner, who announced his retirement last November.
A 16-year Target veteran, Mulligan has held leadership positions in finance, target.com and human resources.
Target said that Scovanner, following his retirement, will remain with the company in a part-time capacity until early November 2012 as part of the transition.