February 26, 2016

Target Names New Chairman and CEO

Brian Cornell will join Target Corp. as the new chairman and CEO, effective Aug. 12.

Cornell replaces John Mulligan, CFO an evp, Target’s interim CEO, following Gregg Steinhafel’s resignation in May.

Cornell has three decades of retail experience; his most recent position was CEO at PepsiCo Americas Foods. Prior to that, Cornell was the president and CEO of Sam’s Club, CEO of Michael’s Stores and Chief Marketing Officer at Safeway.

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