Home / Knowledge / News / Target names Mr Steinhafel as Chairman of Board
Target names Mr Steinhafel as Chairman of Board
19
Jan '09
Target Corporation announced that its board of directors has appointed Gregg Steinhafel, president and chief executive officer, to the additional role of chairman of the board, effective February 1, 2009. Steinhafel succeeds Bob Ulrich, who will retire from the Board, as previously announced, at the end of the 2008 fiscal year, completing a distinguished 41-year career with the company. The board also announced that Mr. Ulrich will be designated chairman emeritus in recognition of his many significant contributions.

"During Bob's tenure, Target has achieved outstanding financial results and become one of the most recognized and valuable brands in the world," said Jim Johnson, vice chairman of the Executive Committee of Target's board of directors.

"As we look to the future, we are completely confident in Gregg's leadership and his ability to build on Bob Ulrich's legacy by continuing to deliver a superior guest experience, enhancing Target's team culture, reinforcing the company's strong commitment to its communities and positioning Target to generate profitable growth for many years to come."

Mr. Steinhafel, age 53, joined Target in 1979 and served in a variety of merchandising positions until being named executive vice president, merchandising in 1994. He was promoted to president of Target in 1999 and became a member of the board of directors in 2007. Mr. Steinhafel succeeded Mr. Ulrich as chief executive officer of Target Corporation in May 2008. Mr. Steinhafel is a graduate of Carroll College and Northwestern University's Kellogg School of Management. He is a member of the board of The Toro Co., the Retail Industry Leaders Association (RILA) and Tree House, a Minnesota-based non-profit organization.

Mr. Ulrich began his career as a merchandising trainee in 1967 at Dayton's, a former division of Target Corporation. He subsequently held a variety of positions in stores and merchandising. He was named president of Target Stores in 1984 and became chairman and chief executive officer of the division in 1987. In 1994, Mr. Ulrich was named chairman and chief executive officer of the corporation.

Target Corporation's retail segment includes large general merchandise and food discount stores and Target.com, a fully integrated on-line business. In addition, the company operates a credit card segment that offers branded proprietary and Visa credit card products. The company currently operates 1,683 Target stores in 48 states.

Target Corporation


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search