Target names former Amazon executive Arthur Valdez chief supply chain and logistics officer

Target Corp. TGT, +0.17% has hired Arthur Valdez as chief supply chain and logistics officer, leading the company's transformation including planning, distribution and transportation, the retailer said in a Monday release. He is moving to Minneapolis to join the company, effective March 28. Valdez comes to Target from Amazon.com Inc. AMZN, +0.20% where he spent 16 years and held a number of leadership positions across the e-commerce company's domestic and global supply chain. He was most recently Amazon's vice president of operations focused on its international supply chain expansion. Target shares are up 8% for the year so far while the S&P 500 is down 4.7% for the same period.