UPDATE 1-Amazon sues veteran exec hired by Target
(Adds information on exec's background, context)
By Mari Saito and Anya George Tharakan
SAN FRANCISCO, March 22 (Reuters) - Amazon.com Inc has sued a veteran logistics executive hired by Target Corp as its chief supply chain and logistics officer to prevent him from revealing trade secrets.
Amazon said in the lawsuit filed this week that the former employee, Arthur Valdez, was in violation of a noncompetition agreement that he signed while working for the company. (bit.ly/1UL793S)
Valdez spent 16 years at Amazon as a senior executive in the Seattle-based retailer's operations department overseeing the company's international supply chain expansion.
Target and other major brick and mortar retailers are aggressively investing in their ecommerce businesses as they try to catch up with Amazon, which revolutionized online retail through aggressive pricing and speedy delivery.
In announcing his hiring in February, Target touted Valdez' experience, calling him a "seasoned supply chain leader" who was focused on Amazon's international supply chain expansion.
The lawsuit said his new role as the chief supply chain and logistics officer at Target would breach Valdez' noncompete agreement with Amazon, which required him to not engage in competition with Amazon for 18 months after leaving the company.
Amazon claims that Valdez was privy to confidential information in a highly competitive area for both companies - moving and shipping goods in the most effective manner. Continued...