Target’s CIO Resigns; iCIO and CISO to be Appointed Shortly
Target’s CIO Beth Jacob is resigning as the retailer overhauls its information security and compliance division in the wake of a massive pre-Christmas data breach. Jacob had been in her current role since 2008 and oversaw teams in the U.S. and India. Target will name an interim CIO to work through the transition. The company will also be elevating the role of the CISO and hiring externally for the position.
JP Morgan Exec on Philip Morris Board
Philip Morris International named Kalpana Morparia, 58, to its Board of Directors. Currently, Morparia serves as JP Morgan’s India CEO. She also sits on the board of Dr. Reddy’s Laboratories, an integrated global pharma company, and CMC, a leading Indian systems engineering and integration company. Before joining JP Morgan, Morparia was MD of ICICI Bank, India’s second largest bank. She also served as Vice Chair of ICICI’s Insurance and Asset Management Business. She was named one of "The 50 Most Powerful Women in International Business" by Fortune Magazine in 2008.