Target Names New Head Of Food BusinessTarget Corp. has named a 20-year grocery and consumer product industry veteran to help revamp the retail chain's food business. The Minneapolis-based retailer said Monday that it has hired Anne Dament to the role of senior vice president, merchandising.
Target Taps Outsider As CEO For Needed ShakeupTarget has hired Pepsi executive Brian Cornell as its new chairman and CEO as it looks to recover from a huge data breach and troubles in Canada. Cornell replaces interim CEO John Mulligan, who is chief financial officer for the Minneapolis company. Mulligan stepped into the interim CEO post in May when Target Corp.'s Gregg Steinhafel resigned following a large data breach in the runup to Christmas.
Supervalu Shares Slump Over Clouded Future The future of supermarket chain Supervalu is becoming cloudier.