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[$$] New Target CFO Will Have to Sustain Retailer’s Turnaround Pace

Target Corp. is launching its search for a new finance chief at a crucial time: After a strong holiday season, the Minneapolis-based retailer needs to keep the momentum going while experimenting with new ways to reach its customers to compete with e-commerce rivals. The store operator announced Thursday that Chief Financial Officer Cathy Smith plans to step down once a successor has been named and move on to an advisory role until May 2020. Ms. Smith, who became Target’s CFO in 2015 after stints at Express Scripts Holding Co., Walmart Inc. and GameStop Corp., said she intends to spend more time with her family.