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Target hired PepsiCo executive Brian Cornell as its chief executive officer

Target: hired PepsiCo executive Brian Cornell as its chief executive officer. He replaced interim CEO John Mulligan, who stepped in when Gregg Steinhafel resigned this spring.

In addition to working at PepsiCo, Cornell previously served as chief executive officer of Sam’s Club and Michael’s craft stores, and as chief marketing officer at Safeway. 

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