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Target’s Head Of Marketing Leaves

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MINNEAPOLIS (AP) – Target Corp.’s head of marketing is leaving the company, the retailer announced Monday.

The company said that Michael Francis, Target’s executive vice president and chief marketing officer, has chosen to leave the company. The company did not give a reason.

Francis joined Target in 1990 when Marshall Field’s, his prior employer, was acquired by Target. He worked his way up become executive vice president of marketing in 2001. He was named chief marketing officer in 2008.

In January, Francis was also named to oversee the discount chain’s expansion into Canada, where it hopes to have 125 to 135 stores by 2013.

Target, based in Minneapolis, operates 1,762 stores across the U.S. Its stock fell 61 cents to $48.42 in midday trading Monday.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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