MINNEAPOLIS, Jan. 13 /CNW/ - Target Corporation (NYSE: TGT) announced
today that the company's chief marketing officer, Michael Francis, will
serve as the executive committee sponsor of Target's entrance into the
Canadian market. In this role, Francis will oversee the extension of
Target's brand as part of the corporation's first-ever expansion of its
stores beyond the United States.
"Under Michael's leadership, Target has emerged as one of the most
recognizable brands in the world and I am pleased that he will guide
our expansion into Canada," said Gregg Steinhafel, chairman, president
and chief executive officer of Target Corporation. "With more than 25
years of experience with this corporation, Michael has a deep
understanding of Target and the retail industry. His responsibility for
corporate brand and reputation including our community relations
efforts uniquely position him to lead this effort."
Target recently announced that the company acquired leasehold interests
in up to 220 sites from Zellers Inc., in an effort to open 100 to 150
Target stores across Canada beginning in 2013. The expansion will
bring Target's broad assortment of unique, high-quality merchandise at
exceptional values to Canadian guests coast-to-coast.
Francis began his marketing career in 1985 with Marshall Field's in
Chicago. In 1990, Marshall Field's was acquired by Target Corporation, and Francis joined
the marketing division of the department stores division, where he held
a variety of positions. He was promoted to executive vice president,
marketing, for Target Corporation in 2001 and most recently was named
chief marketing officer in August 2008.
Francis currently serves on the national board of the Smithsonian
Institute and the boards of the Cooper-Hewitt National Design Museum
and The Minneapolis Institute of Art. Francis is also lead director of
Piper Jaffray Companies. He received his bachelor's degree in
international studies from the University of Michigan.
In his role as chairman, president, chief executive officer, Gregg
Steinhafel will continue to oversee all aspects of corporate strategy
and operations. Francis will continue to report to Steinhafel.
Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,752
stores in 49 states nationwide and at Target.com. In addition, the
company operates a credit card segment that offers branded proprietary
credit card products. Since 1946, Target has given 5 percent of its
income through community grants and programs; today, that giving equals
more than $3 million a week. For more information about Target's
commitment to corporate responsibility, visit Target.com/hereforgood.
For more information, visit Target.com/Pressroom.
SOURCE Target Corporation
For further information:
|Contacts: ||Lena Michaud, Target Communications, (612) 761-6796|
Target Media Hotline, (612) 696-3400