News

Target hires new strategy, innovation leader

September 1, 2017

Minsok Pak is Target's new executive vice president, chief strategy and innovation officer.
He'll be responsible for retail innovation with the goal of enhancing the guest experience, according to a press release.

Pak will also direct business development, including mergers, partnerships and joint venture initiatives and report directly to Target CEO Brian Cornell.

"Minsok brings deep business acumen and proven leadership capabilities to Target. Throughout his career, he has counseled numerous companies and led through significant times of change. He brings strategic vision, an innovative spirit and an ability to address complex business challenges by capturing near-term opportunities and charting a course for the future," said Cornell, in the release. "As we build an even better Target for tomorrow, we must plan purposefully to drive growth and continue instilling innovation in every part of our business. I am confident Minsok is the right leader to fill this critical role."

Prior to his Target role, Pak spent two decades with McKinsey & Company, where he held various leadership roles and worked with leading global retail and consumer companies. He also served as the global executive vice president and chief strategy officer at LG Electronics.