HomeBusinessTarget CEO Brian Cornell to stay on for three more years, as...

Target CEO Brian Cornell to stay on for three more years, as company scraps retirement age

Brian Cornell, Chairman and Chief Executive Officer of the Target Corporation.

Anjali Sundaram | CNBC

Target said on Wednesday that CEO Brian Cornell will stay in his role for three more years.

To allow for that, the big-box retailer’s board said it eliminated its traditional retirement age of 65.

“We enthusiastically support his commitment and his continued leadership, especially considering his track record and the company’s strong financial performance during his tenure,” Monica Lozano, lead independent director of Target’s board of directors said in a news release.

Cornell became Target’s CEO in 2014. Prior to joining the company, he served as CEO of PepsiCo Americas Foods, Walmart-owned Sam’s Club and Michaels Stores.

This story is developing. Please check back for updates.



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