Nordstrom names Target veteran Cathy Smith as CFO

Nordstrom Inc on Wednesday named former Target Corp CFO Cathy Smith as its new finance chief.

Smith will take over from interim Nordstrom CFO Michael Maher on May 29.

The U.S. retailer gets its first permanent finance chief since Anne Bramman stepped down in December, a month after the company adopted a "poison pill" to prevent investors from amassing 10% or more of its shares.

Smith joins Nordstrom from health insurer Bright Health Group Inc where she has served as chief financial and administrative officer since 2020.

Smith was the finance chief at Target for five years.