Thursday, July 31, 2014

Target names new CEO

USA Today reports that Target has tapped PepsiCo executive Brian Cornell as the retailer's new CEO. This comes nearly three months after former CEO Gregg Steinhafel stepped down as the brand dealt with the aftermath of a reputation-threatening holiday data breach and difficulties with its Canada stores.

Cornell, 55, replaces interim CEO John Mulligan, who stepped in when Steinhafel resigned in May. He will leave his post as CEO of PepsiCo Americas Foods, where he oversaw the brand's snack business including Frito-Lay North America and Quaker Foods. He will assume his role as Target CEO Aug. 12th. 

For more on Cornell in his own words, check out this interview with him on A Bullseye View.

No comments: