Brian Cornell Bio, Age, Wife, Salary, Net Worth, Target CEO, PepsiCo and Leadership Style

Brian Cornell Photo
Brian Cornell Photo

Last updated on November 28th, 2022 at 12:31 am

Originally published on famousintel.com

Brian Cornell Biography and Wiki

Brian Cornell is a businessman from America who serves as both the chairman and CEO of Target Corporation. He also serves as Yum! Brands’ non-executive chairman.

Brian Cornell Education | College

In 1981, Cornell received his degree from the University of California, Los Angeles (UCLA). In 1991, Cornell enrolled at the UCLA Anderson School of Management.

Brian Cornell Age and Birthday

Brian Cornell Nationality and Ethnicity

What Nationality is Brian Cornell? Cornell is of American nationality by birth. He was born in New York, New York, United States. He is of mixed ethnicity. READ ALSO: Michael Dell

Brian Cornell Parents

From the time he was six years old, Cornell lived without a father and with a heart condition-related welfare recipient for a mother. As a result, Cornell’s maternal grandparents raised him the majority of the time.

Brian Cornell Wife

He is married to Martha Cornell. The couple has two children; a son and a daughter.

Brian Cornell Height

Cornell stands at an average height of 6 inches 0 inches.

Brian Cornell Net Worth

Cornell has an estimated net worth of $80 million.

Brian Cornell Salary

How much does the CEO of Target? More than two-thirds of Cornell’s $19.8 million in total compensation last year came from stock awards. According to Business Journal research based on 2020 compensation, Cornell has been CEO of Target (NYSE: TGT) since 2014. He was the state’s fourth highest-paid public company CEO in 2021.

Brian Cornell Target CEO

Cornell serves as both the chairman and CEO of Target Corporation. Target is an American big box department store chain with its corporate headquarters in Minneapolis, Minnesota. It is a part of the S&P 500 Index and the seventh-largest retailer in the US. In 1962, Minneapolis’ Dayton’s department store created Target as its discount arm. As a division of the Dayton-Hudson Corporation, it started expanding the store nationwide in the 1980s. In the 1990s, it introduced new store formats under the Target brand.

As a participant in the market, the company has found success as a cheap-chic brand. In 2000, the parent company changed its name to Target Corporation, and in 2004, it sold off its final department store chains. In the early 2010s, it was hit hard by a sizable, widely reported security breach involving customer credit card information as well as the demise of its short-lived Target Canada subsidiary, but it recovered with the help of its expansion into urban markets in the US.

Brian Cornell Leadership Style

Cornell’s purpose-driven leadership, strategic vision, and unwavering dedication to his team demonstrate his ability to cut through the clutter and truly comprehend the needs and wants of American families.

Brian Cornell PepsiCo

Prior to joining Target, Cornell held executive positions for more than 30 years at prestigious consumer goods and retail businesses. Former positions include Chief Marketing Officer at Safeway Inc. and CEO of well-known brands like Michaels, Sam’s Club, and PepsiCo Americas Foods, a subsidiary of PepsiCo.

Brian Cornell Career

From 2004 to 2007, Cornell served as Safeway Inc.’s executive vice president and chief marketing officer. Between 2008 and 2009, Cornell served on the boards of directors for The Home Depot and OfficeMax, respectively. Cornell has served on the boards of both Polaris Industries and Centerplate. Since September 2015, Cornell has been a member of Yum! Brands’ board of directors. He has served on the board since 2015 and is the chairman of the Retail Industry Leaders Association.

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Gregg Steinhafel was replaced as chairman and CEO of Target in August 2014 by Cornell. The leadership at Cornell is both data-driven and practical. Cornell has closed the loss-making Target Canada during his leadership. To modernize the corporate culture, Cornell has employed numerous outsiders. Every now and then, Cornell stops by a Target location to talk to customers. Cornell was named “Business CEO of The Year” by CNN in 2019. The National Retail Federation’s “The Visionary” award, given annually to “an outstanding leader in the retail industry,” was given to Cornell for 2022.

Brian Cornell UCLA

Cornell serves on the UCLA Anderson School of Management’s board of visitors. He serves on the Catalyst board of directors and the museum council of the National Museum of African American History and Culture of the Smithsonian Institution.