Target Australia has welcomed a new managing director as Marina Joanou steps back from her role.
Stepping back to take a period of leave before determining her next role within Wesfarmers, Joanou has been succeeded by Richard Pearson, who joined the Kmart Group in September 2020.
Joanou served over two years as the MD of Target, with Wesfarmers stating that she was crucial in the realignment of its strategy.
"Ms Joanou’s leadership has helped steer Target through considerable change over the course of this year and she has played a significant role in resetting the Target strategy," Wesfarmers said.
Pearson brings more than 20 years of retail and consumer goods experience to Target, having previously served as ASDA, Coles and Mecca.
The news comes as Target reports -2.2% total sales growth for Q1 FY21.