Target Corp.'s chief executive, Brian Cornell, will stay with the company at least three more years, a step necessitating a change in its retirement rules, the company said Wednesday.
The news came with word that one of Target's top logistics executives is leaving just months after an inventory glut became the biggest problem of Cornell's eight-year tenure.
Arthur Valdez, 52, joined Target as chief supply chain and logistics officer in 2016 after years at Amazon.com. Target described his departure as a retirement and said he will continue to play an advisory role through next April.
