Target hires PepsiCo exec as CEO

Target (NYSE:TGT) is hiring PepsiCo executive Brian Cornell as its new CEO and will appoint him to the position on Aug.12.

For the last several months Target CFO John Mulligan was placed as the company's interim chief exec, following the resignation of CEO Gregg Steinhafel in May.

The incoming CEO is faced with pressing tasks of fixing Target's disastrous Canadian expansion and restoring retail profit and customer confidence.

This was corrected on 07/31/2014 at 09:09 AM.
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Comments (5)
  • ls1gto
    , contributor
    Comments (270) | Send Message
    Somewhat of a misleading headline. They didn't hire Pepsi CEO... They hired Pepsi executive.
    31 Jul 2014, 09:04 AM Reply Like
  • mbn
    , contributor
    Comments (944) | Send Message
    "Target hires PepsiCo exec as CEO"


    Seems OK to me. They hired a "PepsiCo exec" as the new CEO. No where does it state that the exec was a CEO at PepsiCo.
    31 Jul 2014, 09:35 AM Reply Like
  • Jason Aycock
    , contributor
    Comments (264) | Send Message
    Hi mbn:


    The headline was clarified to remove ambiguity -- but it was a few minutes after ls1gto's comment.
    31 Jul 2014, 09:52 AM Reply Like
  • micium
    , contributor
    Comments (115) | Send Message
    What is his work experience?
    So far, given all of the problems at Target, I am not impressed so I will not buy more Target stock.
    31 Jul 2014, 09:54 AM Reply Like
  • FleetUSA3226
    , contributor
    Comments (881) | Send Message
    Bartiromo said on Fox Business he was one of the high flyers to take the Pepsi CEO job next.
    31 Jul 2014, 11:05 AM Reply Like
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