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Target Names John Bauer Senior Vice President, Global Inventory Management

Company Press Release – Target Corporation (“Target”) announced that John Bauer will join the company as senior vice president, global inventory management. In this role, Bauer will lead the teams responsible for ordering, inventory positioning, global trade and domestic transportation. He will report to Target’s executive vice president and chief supply chain officer, Arthur Valdez Jr.

Bauer most recently served as chief logistics officer for The TJX Companies, Inc. and held prior supply chain leadership positions at Kohl’s and Starbucks. He previously worked at Target from 1999 to 2007.

“We’re thrilled to have John rejoin the Target team,” said Valdez. “Inventory management touches all aspects of the business, from merchandising and sourcing, to supply chain and stores. John has experience working across all aspects of retail and delivering results in transformational environments.”

Target’s strategy to leverage its network of more than 1,800 stores includes completely transforming its supply chain and logistics capabilities. The work has been integral to offering guests free two-day shipping nationwide, same-day delivery shopped by Shipt in 150 markets and the rollout of Drive Up and Order Pick-up services.

“Target is dedicated to ensuring guests have access to the products they love, when and how they want them,” said Bauer. “I’m looking forward to returning to a great company and helping drive the next phase of an industry-leading supply chain evolution.”

Bauer will join Target August 20.

About Target Corporation

Minneapolis-based Target Corporation (NYSE: TGT) serves guests at 1,835 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.

Contact:

Brian Harper-Tibaldo – Media – (612) 304-0006

John Hulbert – Investors – (612) 761-6627

Source: Target Corporation

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