Brian Cornell (pictured), who has served as chairman and CEO of Target Corp. since 2014, plans to stay in the top job for another three years, the company announced on Sept 7.
The company also eliminated its retirement policy, so that Cornell could stay in the job after the age of 65.
“Since joining Target in 2014, Brian has worked to transform Target into an omnichannel leader by driving a guest-centric, purpose-driven strategy,” said Monica Lozano, lead independent director of Target’s board, in a statement.
Speaking at Retail’s Big Show in 2019, Cornell said, “It doesn’t matter if you’re a big or small company, you need four keys to stay evolving: One, start with the consumer in every decision. Two, invest in yourselves. Three, reinvest in stores, tech, fulfillment, and your teams. Four, disrupt yourselves.”
Target also announced that Arthur Valdez, executive vice president and chief supply chain and logistics officer, will retire from the role. He will be succeeded by Gretchen McCarthy, an 18-year Target veteran who currently serves as senior vice president, global inventory management.
Photo courtesy of Target Corp.
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