Brian C. Cornell
Also at Target Corp
About
A seasoned executive with over 30 years of leadership experience in the retail and consumer products industries, he has excelled in various high-profile roles at companies including PepsiCo Americas Foods, Sam’s Club, Safeway Inc., and Michaels Stores, Inc. His extensive career has honed his skills in global supply chain management, marketing, financial oversight, and risk management.
Prior to his current role, he broadened his influence by serving on the boards of several prominent organizations such as Yum! Brands, Inc., The Home Depot, Inc., OfficeMax Inc., and Polaris Industries Inc., contributing significantly to their strategic decisions and operational excellence.
Beyond his executive responsibilities at TGT, his active participation in industry leadership is evident from his roles on the executive committee of the National Retail Federation and as a member of The Business Council, underlining his commitment to driving innovation and excellence within the retail sector.
$TGT Performance Under Brian C. Cornell
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| PepsiCo, Inc. | Chief Executive Officer of PepsiCo Americas Foods | N/A [N/A] | Held leadership role in a major division of PepsiCo before joining TGT |
| Sam's Club | Leadership Role | N/A [N/A] | Specific role not detailed |
| Wal-Mart Stores | Leadership Role | N/A [N/A] | Specific role not detailed |
| Safeway Inc. | Leadership Role | N/A [N/A] | Specific role not detailed |
| Michaels Stores, Inc. | Leadership Role | N/A [N/A] | Specific role not detailed |
External Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Yum! Brands, Inc. | Board Member | N/A [N/A] | Active position outside of TGT |
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Salary | $1,400,000 | Annual (Fiscal Year 2023) | Base salary; no additional fixed components reported |
Performance Compensation
Non-Equity Incentive Plan (STIP)
| Metric [USD] | Threshold | Target | Maximum | Weight/Component | Vesting Schedule / Payment Date |
|---|---|---|---|---|---|
| Annual STIP (Financial Component) | $378,000 | $1,876,000 | $3,752,000 | 67% Financial Component; 33% Team Scorecard | Payment in March following fiscal year; no vesting applicable |
Notes: Maximum payment is four times salary. Eligibility requires employment on the payment date (unless exceptions apply).
Stock Awards
Performance Share Units (PSUs)
| Metric [Shares/USD] | Threshold | Target | Maximum | Grant Date Fair Value | Vesting / Evaluation Period |
|---|---|---|---|---|---|
| PSUs | 0 shares | 51,534 shares | 103,068 shares | $8,400,042 | Cliff vesting after a 3-year performance period (2023-2025); based on TSR vs. retail peer group |
Performance-Based Restricted Stock Units (PBRSUs)
| Metric [Shares/USD] | Threshold | Target | Maximum | Grant Date Fair Value | Vesting / Evaluation Period |
|---|---|---|---|---|---|
| PBRSUs | 25,767 shares | 34,356 shares | 42,945 shares | $6,320,473 | Graduated vesting over 4 years; subject to financial metrics and service conditions |