Target Corp. named retail and consumer products veteran Brian Cornell to be the retailer's chairman of and CEO, effective August 12.
Cornell joins Target with 30 years of experience at retail and consumer product companies such as PepsiCo Americas Foods, Sam’s Club, Michaels Stores, Inc., and Safeway.
Cornell’s top priorities at Target will be accelerating company performance and advancing Target’s omnichannel efforts.
The company is still dealing with the fallout from a late-2013 data breach, when hackers stole the personal data, including credit card information, of millions of customers. The news of the theft was widely reported at the time and negatively impacted Target sales during the crucial holiday shopping season. On August 5, Target estimated that its second-quarter expenses related to the theft would be $148 million.
Target sells through 1,795 stores in the United States, 130 in Canada, and through Target.com.
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