Target Corporation Names Arthur Valdez Executive Vice President, Chief Supply Chain and Logistics Officer

MINNEAPOLIS–(BUSINESS WIRE)–Today Target Corporation (NYSE: TGT) announced the hiring of Arthur
Valdez as executive vice president, chief supply chain and logistics
officer. Valdez will lead Target’s supply chain transformation including
planning, distribution and transportation. He will report to Target’s
executive vice president and chief operating officer, John Mulligan.

Valdez is a seasoned supply chain leader with extensive experience in
both direct-to-consumer and direct-to-store operations. He comes to
Target from Amazon where he spent the last 16 years. During that time,
he held leadership positions across the company’s global and domestic
supply chain, including transportation, fulfilment and logistics. Most
recently he was Amazon’s vice president of operations focused on the
company’s international supply chain expansion. In addition, during his
20-plus year retail career, he also has held positions with Walmart and
Kmart.

“While we’ve made significant progress in improving our operations,
Target’s growth hinges on our ability to enhance the fundamental aspects
of our business, starting with the supply chain,” says Mulligan.
“Arthur’s leadership and experience will be a tremendous asset as we
continue to drive improvements in end-to-end processes including
leveraging our almost 1,800 stores to deliver a seamless experience for
our guests.”

Valdez joins the company March 28 and will relocate to Minneapolis.

About Target Corporation

Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,792
stores and at Target.com. Since 1946, Target has given 5 percent of its
profit to communities, which today equals more than $4 million 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.

Contacts

Target Corporation
Media Contact:
Molly Snyder,
612-696-3400
or
Investor Contact:
John Hulbert,
612-761-6627