MINNEAPOLIS, March 8, 2018 /PRNewswire/ -- Target
Corporation (NYSE: TGT) today announced its board of directors
elected Dmitri L. Stockton, former
senior vice president of General Electric Company, as a new
director, effective March 5,
2018.
Mr. Stockton, 53, spent 30 years at GE prior to retiring in
March 2017. During his tenure, he
held a series of escalating leadership positions and spent a decade
working in France, Switzerland and the United Kingdom. From December 2008 to April
2011, Mr. Stockton served as president and CEO of GE Capital
Global Banking, where he was responsible for $5 billion in revenue and approximately 40,000
employees. From May 2011 to
December 2016, Mr. Stockton served as
chairman, president and CEO of GE Asset Management and led the sale
of the business to State Street Global Advisors in July 2016. His most recent role at the company
was senior vice president and special advisor to the chairman. Mr.
Stockton currently serves on the boards of Deere & Company,
American Family Insurance and Ryder System, Inc., as well as the
Georgetown University Board of
Regents.
"Dmitri will be a welcome addition to Target's board. His
impressive career includes three decades of leading complex global
businesses and teams of tens of thousands through times of
transition and industry disruption. That experience, coupled with
his track record of consistently growing revenue and profitability
while increasing operational performance, offers an important
perspective to Target as we accelerate our strategic progress in
2018 and beyond," said Brian
Cornell, chairman and CEO of Target.
About Target
Minneapolis-based Target Corporation (NYSE:
TGT) serves guests at 1,826 stores and at Target.com. Since 1946,
Target has given 5 percent of its profit to communities, which
today equals millions of dollars a week. For more information,
visit Target.com/Pressroom. For a behind-the-scenes look at Target,
visit Target.com/abullseyeview or follow @TargetNews on
Twitter.
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SOURCE Target Corporation