Target appoints new CEO


Reuters: Former PepsiCo executive Brian Cornell was named Target Corp’s new CEO.

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Reuters: Former PepsiCo executive Brian Cornell was named Target Corp’s new CEO.

Cornell, 55, will be responsible for accelerating Target’s performance and developing its e-commerce business, the No. 3 U.S. retailer said on Thursday.

His top priorities when he takes over on Aug. 12 will also include improving traffic and sales at Target’s U.S. and Canada stores, spokesperson Dustee Jenkins told Reuters.

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