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Target names an outsider as new CEO
Target names an outsider as new CEO

Target Corp. has named a new chief executive and chairman to shepherd the retailer beyond a massive data-hacking incident that marred its last holiday season. The nation's third largest retailer said Brian Cornell, who most recently served as an executive at PepsiCo, will come aboard Aug. 12. He will replace John Mulligan, who has been interim CEO since May. Longtime CEO Gregg Steinhafel resigned in May after a stunning data breach in which hackers stole credit and debit card information from tens of millions of customers. Beth Jacob, the retailer's chief information officer, also stepped down.  Cornell was most recently chief executive of PepsiCo Americas Foods and...

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