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    Brian C. Cornell

    Chair of the Board and Chief Executive Officer (CEO) at Target Corp
    Board
    Since August 2014
    Age
    65 years
    Tenure
    Joined TGT in August 2014 and has served as the Chair of the Board and CEO since then.

    Also at Target Corp

    CAS
    Cara A. Sylvester
    Executive Vice President and Chief Guest Experience Officer
    DHL
    Don H. Liu
    Executive Vice President, Chief Legal & Compliance Officer, and Corporate Secretary

    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

    OrganizationRoleDate RangeDetails
    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

    OrganizationRoleDate RangeDetails
    Yum! Brands, Inc. Board Member N/A [N/A]Active position outside of TGT

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Salary$1,400,000 Annual (Fiscal Year 2023) Base salary; no additional fixed components reported

    Performance Compensation

    Data from  FY 2023

    Non-Equity Incentive Plan (STIP)

    Metric [USD]ThresholdTargetMaximumWeight/ComponentVesting 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]ThresholdTargetMaximumGrant Date Fair ValueVesting / Evaluation Period
    PSUs0 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]ThresholdTargetMaximumGrant Date Fair ValueVesting / Evaluation Period
    PBRSUs25,767 shares 34,356 shares 42,945 shares $6,320,473 Graduated vesting over 4 years; subject to financial metrics and service conditions