Target says it's ending retirement policy as CEO to stay beyond 65th birthday
Target Corp. TGT, -0.62% said Wednesday it is scrapping a retirement policy that aimed to start a discussion about its chief executive retiring at the age of 65, after current CEO, 63-year-old Brian Cornell, said he will stay for about another three years.
"We enthusiastically support his commitment and his continued leadership, especially considering his track record and the company's strong financial performance during his tenure," said Monica Lozano, lead independent director of Target's Board of Directors.
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