Here is all about the CEO of Target, you know about Target right? Target Corporation is an American big box department store chain headquartered in Minneapolis, Minnesota, founded in 1902. It is the 7th largest trader in the United States and a component of the S&P 500 index. Today you will know here who’s the CEO of Target.
Who Is The CEO Of Target?
The Chairman and the CEO of Target is Brian C. Cornell whos an American businessman. He is also the non-executive chairman of Yum! Brand. Cornell start visits in several homes in 2016, to understand the needs and desires of his customers. Keep reading to get more information about the CEO of Target Corporation.
About The CEO Of Target
Brian C. Cornell was born in 1958, in Queens, New York. At the age of six, he grew up in an orphaned family, and his mother lived on welfare due to a heart condition. Cornell was raised by his grandfather. In 1981, Cornell graduated from the University of California, Los Angeles. Cornell is part of the UCLA Anderson School of Management in 1991. Cornell got married to Martha Cornell and has a daughter and a son.
Cornell started working at an early age, working odd jobs throughout his childhood and teenage years. To collect money for college, he starts cleaning Tropicana trucks and other rigs at a distribution plant.
From 2004 to 2007, Cornell was Chief Marketing Officer and Executive Vice President of Safeway Inc. Cornell also was CEO Of Michaels from 2007 to 2009, and CEO of Sam’s Club from 2009 to 2012. From 2012 to 2014 he is the CEO of PepsiCo Americas Foods, a subsidiary of PepsiCo. He is the president of the Retail Industry Leaders Association and a board member since 2015.
In August 2014, Cornell replaced Greg Steinhafel as Target’s president and CEO. Cornell has closed loss-making Target Canada during his tenure. As the CEO of Target salary Brain Cornell is $1,400,000. Cornell has hired several outsiders to update its corporate culture. All members of Target’s board of directors apart from Brian Cornell are independent under the listing standards of the NYSE.
You will surely be surprised to know how much does the CEO of Target make. Target Corp. Brian C. Total compensation as president and CEO of Cornell was $19,758,766. He earns a total $3,996,440 bonus from Target Corporation. In 2022, Target scrapped the long-held retirement age to allow the 63-year-old Cornell to stick around for three more years.
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How Rich Is The CEO Of Target?
Brian Cornell net worth and salary: Brian Cornell is an American businessman who has a net worth of $80 million. He is best known for being the chairman and CEO of the Target Corporation.
Is Target CEO Good?
Based on 3138 ratings, Brian Cornell ranks right below Costco’s CEO, W. Craig Jelinek. Target’s CEO is highly regarded by the Business Development department, the Finance department, and the Legal department.
Why Are They Shutting Down Targets?
A Target spokesperson said that the company is evaluating closures and limiting hours on a store-by-store basis. The majority of stores being closed are located in Minnesota and California, where protests in Los Angeles led the National Guard to be deployed.
Why Is Target Classier Walmart?
Target has wider aisles, less crowded shelves, department store-like merchandising and trendy design touches, including Target finds that look expensive but aren’t. All these details make it feel a bit more elevated than a waltz through Walmart.
How Much Did The CEO Of Target Make?
The salary of the CEO of Target is $19.75 million per year.
Brian Cornell is the current CEO of Target. His high earnings are directly correlated to Target’s 20% increase in sales. Much of this increase can be attributed to the pandemic, which saw Target’s sales rise increasingly over a considerable amount of time.
Is Brian Cornell A Good CEO?
In 2019, Cornell was named CNN’s “Business CEO of The Year”. Cornell received “The Visionary” award from the National Retail Federation for 2022, given each year to “an outstanding retail industry leader”.
What Are Targets Merchandising Strategies?
What is a target market strategy? A target market strategy is a business plan focused on growing sales and brand awareness within a specific group of consumers. To do this, businesses strategize based on demographics that make up a market, which is an area or group specified for product sales.
Brian Cornell the CEO of Target’s net worth is approximately $80 million. From 2004 to 2007, Cornell was on the board of directors of OfficeMax and the board of directors of Home Depot from 2008 to 2009. The above information was all about the CEO of Target.
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