Summary
Target Corporation announced a significant addition to its Board of Directors with the election of George S. Barrett, effective November 5, 2018. Mr. Barrett brings extensive leadership experience, most recently serving as Executive Chairman of Cardinal Health, Inc., where he held various key executive roles including Chairman and CEO. His background in a large, complex organization is expected to be valuable to Target's strategic direction and governance.
Key Highlights
- 1George S. Barrett appointed as a new director to Target's Board, effective November 5, 2018.
- 2Mr. Barrett has a substantial background in executive leadership, having served as Executive Chairman, Chairman, and CEO of Cardinal Health, Inc.
- 3His tenure at Cardinal Health spanned from 2008 to November 2018, indicating deep experience in managing large-scale operations.
- 4Mr. Barrett has been appointed to two key Board committees: the Human Resources & Compensation Committee and the Risk & Compliance Committee.
- 5As a new non-employee director, Mr. Barrett received a one-time Restricted Stock Unit (RSU) grant valued at $50,000.
- 6He will also receive standard annual compensation for non-employee directors, as detailed in Target's proxy statement.
Frequently Asked Questions
George S. Barrett is a newly elected director to Target's Board. He has a significant leadership history, most recently serving as Executive Chairman of Cardinal Health, Inc. Prior to that, he held roles such as Chairman and CEO of Cardinal Health for several years. His experience is primarily within the healthcare services and products industry.
Mr. Barrett's extensive experience in leading a large, public company like Cardinal Health is expected to provide valuable strategic insights and contribute to effective corporate governance at Target. His involvement in the Human Resources & Compensation and Risk & Compliance committees suggests a focus on key areas critical to shareholder value.
Mr. Barrett received an initial grant of Restricted Stock Units (RSUs) valued at $50,000 on the grant date. He will also be compensated annually according to Target's standard compensation structure for non-employee directors, which is further detailed in the company's proxy statement.