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Last Update

2015-03-31T00:00:00.000Z

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Background Information

Employment History

Chairman and Chief Executive Officer
Target Corporation

Director and Member of the Audit Committee
OfficeMax Inc.

Chief Executive Officer
PepsiCo , Inc.

President
PepsiCo , Inc.

President of Food Services Division
PepsiCo , Inc.

President and Chief Executive Officer
Sam's Club

Executive Vice President and Chief Marketing Officer
Safeway Inc.

Chief Executive Officer
Michaels Stores , Inc.

Executive Vice President
Wal-Mart Stores , Inc.

President and Chief Executive Officer
Wal-Mart Stores , Inc.

Executive
Wal-Mart Stores , Inc.

President
Tropicana

Senior Vice President and General Manager
Tropicana

Affiliations

Board Member
Polaris Industries Inc

Board Member
OfficeMax Inc.

Board Member
The Home Depot Inc.

Education

bachelor's degree

University of California Los Angeles



UCLA's Anderson School of Management

Bachelor's Degree

University of California Los Angeles



Anderson Graduate School of Management

Web References (199 Total References)


New Target CEO Brian ...

www.ktvz.com, 31 Mar 2015 [cached]

New Target CEO Brian Cornell, who joined the retailer from Pepsi last August to clean up the cybersecurity mess and other problems at the company, has won raves from investors.

Cornell pulled the plug on Target's ill-fated Canadian expansion after realizing that it wouldn't be until 2021 that Target would eke out a profit in the land of maple leafs and hockey.
...
Shares of Target are up more than 40% since Cornell took over while Wal-Mart's stock has gained just 11%. Target has outperformed the broader retail sector as well: the SPDR S&P Retail ETF is up 19%.
So what's next?
Cornell has decided to focus Target on four key merchandising areas -- style, baby products, stuff for kids and a category it dubs wellness.
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Cornell has stressed to investors during recent earnings conference calls as well as an analyst presentation earlier this month that groceries in particular will play an increasingly important role at Target.
He said this month that food makes up more than 20% of the company's total business and that customers are asking for even more natural and organic products.


"While we're in the early days ...

www.oscosavonalumni.com, 22 Mar 2015 [cached]

"While we're in the early days and there's no doubt that transformation can be challenging, we're taking the steps necessary to unleash the potential of this incredible brand," said Target chairman and chief executive officer Brian Cornell.


Brian Cornell Chairman and CEO ...

ceocouncil.wsj.com, 27 Feb 2015 [cached]

Brian Cornell Chairman and CEO Target

Brian Cornell is chairman of the board and chief executive officer of Target Corporation. He joined Target in 2014 after serving as CEO of PepsiCo Americas Foods, the largest business sector of PepsiCo. Earlier he served as CEO of the Sam's Club division of Wal-Mart Stores, Inc., and Michaels Stores, Inc., the largest specialty arts-and-crafts retailer in North America. Before then he was the executive vice president and chief marketing officer of Safeway. He brings more than 30 years of experience in retail and global consumer product marketing to Target.
Cornell has served on the board of directors for Home Depot and OfficeMax and on the board of trustees for the Culinary Institute of America. He currently serves on the board of directors for the UCLA Anderson Board of Visitors and Polaris Industries Inc.
Cornell earned a bachelor's degree at the University of California Los Angeles in 1981 and attended UCLA's Anderson School of Management.
...
Brian Cornell Chairman and CEO Target


Brian C. Cornell ...

www.sec.gov, 26 Feb 2007 [cached]

Brian C. Cornell (1)Executive Vice President and Chief Marketing Officer

...
Brian C. Cornell was named Executive Vice President and Chief Marketing Officer of the Company in April 2004.Prior to joining Safeway, he was President of Pepsi Cola North America's ("PCNA") Food Services Division and Senior Vice President ("SVP") of Sales for PCNA, a role he assumed in March 2003.Prior to joining PCNA, Mr. Cornell was Regional President of PepsiCo Beverages International's European business, with the additional responsibility as SVP Non Carb Beverage Marketing.Mr. Cornell joined PepsiCo, Inc. when it acquired Tropicana from the Seagram Company in 1998.Mr. Cornell serves as a director, a member of the Audit Committee and a member of the Governance and Nominating Committee of OfficeMax.


Brian Cornell named chairman ...

www.homechannelnews.com, 1 Aug 2014 [cached]

Brian Cornell named chairman and CEO at Target | Home Channel News Welcome! Log In / Create an Account Search this site:

...
Brian Cornell named chairman and CEO at Target
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Brian Cornell
...
Retail and consumer products veteran Brian Cornell was named chairman and CEO at Target to fill two of the three roles previously held by the company's former top executive Gregg Steinhafel.
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Cornell will assume his new responsibilities at Target on August 12 after most recently serving as CEO of PepsiCo Americas Foods for two years. He brings a well-rounded background in retail and CPG to Target. Prior to PepsiCo, Cornell served as president and CEO of Walmart's Sam's Club division for roughly three years. He came to Sam's Club after serving as CEO of Michaels Stores and also held the role of chief marketing officer at Safeway. Earlier in his career, Cornell held general management positions at PepsiCo, including president of Tropicana, president of PepsiCo beverages for Europe and Africa, and president of PepsiCo North America Foodservice.
...
Cornell said he was honored and humbled to join Target as the first CEO hired from outside the company.
"I am committed to empowering this talented team to realize its full potential, lead change and strengthen the love guests have for this brand," Cornell said. "As we create the Target of tomorrow, I will focus on our current business performance in both the U.S. and Canada and on how we accelerate our omnichannel transformation."
In exchange for his services, Cornell will receive a lucrative compensation package that includes an annual salary of $1.3 million, a 2014 pro-rated cash incentive equal to 150% of his base sales and stock-based awards with a potential payout of $3.75 million. In addition, in 2015 Cornell will received stock-based awards with a potential value of $9 million. Target is also on the hook to compensate Cornell for incentive awards and grants he forfeits by leaving PepsiCo. Target said it would provide Cornell with a make-whole equity grant and a make-whole pro-rata annual bonus valued at more than $19 million, minus whatever portion of that amount Cornell is able to retain from his former employer. Target said it was unable to determine that amount at the time details of his compensation were disclosed in a filing with the Securities and Exchange Commission.
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Brian Cornell chairman and CEO Cornell
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Brian Cornell named chairman and CEO at Target

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