Target Names William J. Foudy, Jr. President, Target Sourcing Services

Company Press Release

Target Corporation named William J. Foudy, Jr. as president, Target Sourcing Services. Foudy will oversee Target’s global sourcing organization, including strategy, operations, quality assurance, product safety and responsible sourcing initiatives. He will report to Target’s executive vice president and chief merchandising officer, Mark Tritton.

Target Sourcing Services has 14 offices around the world, which facilitate production in 34 countries. Target is the second largest U.S. importer.

“Target’s global sourcing operations are a key strength of ours and integral to our ability to deliver a differentiated assortment at an unmatched value in the market,” said Tritton. “The broad scope of Bill’s retail experience, including his tenure working with global brands, will accelerate our efforts as we continue to reimagine our owned brand portfolio, offering guests even more unique products for an incredible price that they can find only at Target.”

Foudy brings to Target more than 25 years of experience in the sourcing industry and has led international teams for brands such as Adidas and Nike. Most recently, he comes from Walmart, where he was vice president of global sourcing, based in Hong Kong. “Target has always excelled at creating consumer excitement with quality, exclusive merchandise,” said Foudy. “I’m thrilled to join and lead the world class sourcing team that contributes to Target’s growth, industry leadership and guest experience.”

Foudy will join Target June 17th.

About Target Corporation

Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,829 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.