Target continues to shake up its top-ranking positions.

This week: John Mulligan has been promoted to executive vice president and chief operating officer and Cathy Smith has been named executive vice president and chief financial officer. 

Mulligan has been with Target since 1996 and was most recently the chief financial officer.

“John has unparalleled expertise in Target’s business, and I am very pleased that he will be assuming this new leadership position,” said Brian Cornell, the former PepsiCo exec who took over as CEO in August 2014. “Bringing together key operations functions under John will put Target on a more progressive path to transformation and help us break down barriers to deliver improvements across our business.”

Smith comes to Target from Express Scripts, the pharmacy benefit manager, where she was the chief financial officer. She has also held CFO positions with Wal-Mart and GameStop.

“As our new CFO, Cathy brings significant business and retail expertise to Target,” Cornell said. “Her background will be integral to accelerating our long-term growth strategy.”

JCK