Target's (TGT) - Get Target Corporation Reportchief innovation and strategy officer Casey Carl is leaving the company because his innovation efforts have not yielded faster results connected to its core business, Minnesota's StarTribune reports.
Carl's departure does not come as a surprise, the report said. Target has been getting rid of some his projects in recent months, including a store-of-the-future concept with robots.
Target CEO Brian Cornell announced Carl's impending departure in an e-mail to headquarters employees this morning.
"Innovation is alive and well at Target," Cornell wrote. "Our new leader's job will be to build upon the progress we've made. And while this leader will play a critical role in Target's innovation story, it's not a story they will write alone. Innovation must be a mind-set, an essential component of every business, every strategy and every team."
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