Target CIO resigns; chain to overhaul info security
New York — Target Corp.’s chief information office, Beth Jacob, is resigning, effective Wednesday, as the retailer continues to deal with the fallout from its widespread data breach. The resignation came as Target said it is overhauling its information security practices.
“While we are still in the process of an ongoing investigation, we recognize that the information security environment is evolving rapidly,” said Gregg Steinhafel, chairman, president and CEO, Target, in a statement released by the chain. “To ensure that Target is well positioned following the data breach we suffered last year, we are undertaking an overhaul of our information security and compliance structure and practices at Target.”
As a first step in this effort, Steinhafel added, Target will conduct an external search for an interim CIO to help the retailer through its transformation.
Target also said it is working with an external adviser, Promontory Financial Group, to help it evaluate its technology, structure, processes and talent as part of the overhaul.
“We will also be elevating the role of the chief information security officer and hiring externally for this position,” Steinhafel said. “Additionally, we will be initiating an external search for a chief compliance officer.”
Previously, compliance duties were overseen by Target’s current VP of assurance risk and compliance, who already announced plans to retire at the end of March. With the overhaul, Target will separate the responsibility for assurance risk and compliance.
Jacob was appointed CIO of Target in 2008. In her resignation letter to Steinhafel, Jacob said resigning was a "difficult decision," but that "this was a time of significant transformation for the retail industry and for Target," the Associated Press reported. She did not mention the breach.
Dunkin’ Brands extends CEO contract through 2018
Canton, Mass. – Dunkin’ Brands Group Inc, the parent company of Dunkin’ Donuts and Baskin-Robbins, today announced the extension of Chairman and CEO Nigel Travis’s employment contract through December 2018. Travis, 64, whose contract previously ran through December 2016, joined Dunkin’ Brands as CEO in December 2008.
"Nigel has done an outstanding job at Dunkin’ Brands over the past five years," said Dunkin’ Brands lead director Raul Alvarez. "Since 2009, under the leadership of Nigel and his management team, Dunkin’ Brands’ nearly 100% franchised system has delivered a compounded annual growth rate of 6.2% in systemwide sales, had strong comparable store sales, added almost 3,300 net new Dunkin’ Donuts and Baskin-Robbins restaurants, and returned approximately $650 million to shareholders during its two-and-a-half years as a public company. Going forward, the company is well positioned for future growth, and Nigel and his team remain focused on driving franchisee profitability and delivering shareholder value."
MinuteClinic, Main Line Health collaborate in Pennsylvania
Woonsocket, R.I. – MinuteClinic, the retail health care division of CVS Caremark and Main Line Health have signed a clinical collaboration to enhance access to healthcare services at MinuteClinic walk-in medical clinics inside select CVS/pharmacy stores in Southeastern Pennsylvania.
Under the agreement, physicians from Main Line Health’s multi-specialty physician network, with more than 2,000 doctors, will serve as collaborating physicians for MinuteClinic locations in Chester, Delaware and Montgomery counties. The collaboration will include future clinics as part of MinuteClinic’s national expansion plan to add 150 new clinics this year and reach a total of 1,500 clinics in the U.S. by 2017.
In addition, MinuteClinic and Main Line Health will collaborate on patient education and disease management initiatives and will inform patients of the services each offer. MinuteClinic and Main Line Health will begin to work toward integrating electronic medical record systems to streamline communication around all aspects of each individual’s care. With patient permission, MinuteClinic will electronically share medical histories and visit summaries with other facilities and physicians for an individual’s continuity of care.
"Main Line Health is recognized nationally for delivering high quality care and joins MinuteClinic in our commitment to bring more accessible and affordable medical services to patients in Southeastern Pennsylvania," said Andrew Sussman, M.D., president, MinuteClinic and Senior Vice President/Associate Chief Medical Officer, CVS Caremark. "We look forward to having Main Line Health physicians collaborate with MinuteClinic’s nurse practitioners to provide quality support, teaching and back-up so MinuteClinic can provide the best care at the lowest overall cost."