Target fires president of Canadian operations; names US exec as replacement
Tony Fisher, President of Target Canada, speaks to the media during a tour of the new Target store in Guelph, Ontario. Target has fired the president of its troubled Canadian operations, Tony Fisher, and is replacing him with a 15-year U.S. company veteran in a bid to address inventory issues and bring customers back into its stores.
Image Credit: THE CANADIAN PRESS/Dave Chidley
May 20, 2014 - 2:27 PM
NEW YORK, N.Y. - Target has fired the president of its troubled Canadian operations, Tony Fisher, and is replacing him with a 15-year U.S. company veteran.
Mark Schindele, who was senior vice-president of merchandising operations, has assumed the top spot, effective immediately. Schindele has played a key role in launching new store formats like Target Express and CityTarget in the U.S.
Target is trying to fix its flailing operations in Canada, its first foray outside the U.S. It is also trying to recover from a massive data breach in the U.S. that has cost it customers' trust.
Two weeks ago, Target announced the abrupt departure of CEO Gregg Steinhafel.
News from © The Canadian Press, 2014