Grace Puma Appointed to Target Corporation's Board of Directors

Rhea-AI Summary

Target Corporation (NYSE: TGT) appointed Grace Puma as a new director effective immediately. Puma brings extensive experience from her tenure at PepsiCo, where she was executive vice president and COO, overseeing operations and procurement. She held pivotal leadership roles throughout her career, including senior vice president at United Airlines and Kraft Foods. Puma's expertise in supply chain and operations is expected to enhance Target's board effectiveness. Her addition aims to strengthen Target's strategic position as it navigates a complex operating environment.

Positive

• Grace Puma's extensive experience in operations and procurement from PepsiCo adds valuable insights to Target's board.
• Her leadership background is expected to enhance Target's strategic growth and effectiveness.

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• None.

MINNEAPOLIS, Aug. 10, 2022 /PRNewswire/ -- Target Corporation (NYSE: TGT) announced today its board of directors elected Grace Puma as a new director, effective immediately. She will serve on the Audit & Risk and Infrastructure & Finance Committees.

Puma most recently retired from her role as executive vice president and chief operations officer at PepsiCo where she led global operations, global procurement, employee health and safety, global security and holistic cost management. During her 12-year tenure at PepsiCo, which generated more than $75 billion in net revenue in 2021, Puma held numerous executive leadership roles, including senior vice president, chief supply officer and senior vice president, global chief procurement officer. Prior to PepsiCo, Puma served as senior vice president and global chief procurement officer at United Airlines. In addition, she worked in various leadership roles at Kraft Foods, including serving as vice president of global indirect materials and services procurement.

She currently serves on the board of directors of Organon & Co., a global women's healthcare company, and previously served as a board member for Williams-Sonoma, Inc. and Marietta Corporation. Puma was ranked on the Most Powerful Latina list by Fortune magazine in 2017, 2018 and 2019, and she was named to the inaugural Most Powerful Latinas Hall of Fame by the Association of Latino Professionals in 2021. ExecRanks (now AdvisoryCloud) also recognized Puma as the No. 4 Chief Procurement Officer in 2013.

"Grace brings a deep understanding of the complexities of the global operating environment, the consumer landscape and the guests we serve. Her knowledge of supply chain, procurement and operations will provide valuable insights that complement current board strengths, and her leadership acumen and perspective will further position Target for growth and success in the evolving marketplace," said Brian Cornell, chairman and CEO of Target. "I'm pleased to welcome Grace to Target and am confident in the expertise she will bring to our board."

About Target

Minneapolis-based Target Corporation (NYSE: TGT) serves guests at nearly 2,000 stores and at Target.com, with the purpose of helping all families discover the joy of everyday life. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week. Additional company information can be found by visiting the corporate website and press center and by following @TargetNews.

 

 

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SOURCE Target Corporation

FAQ

Who is Grace Puma and what is her role at Target Corporation?

Grace Puma is a new director at Target Corporation, serving on the Audit & Risk and Infrastructure & Finance Committees.

What experience does Grace Puma bring to Target Corporation?

Puma has significant experience from her role as executive vice president and COO at PepsiCo, focusing on global operations and procurement.

When was Grace Puma appointed to Target Corporation's board?

Grace Puma was appointed to Target Corporation's board on August 10, 2022.

What impact is Puma expected to have on Target Corporation?

Puma is expected to provide insights that enhance Target's strategic growth and operations, leveraging her extensive supply chain expertise.