Brian Cornell Biography & Net Worth
|Popular Name:||Brian Cornell|
|Real Name:||Brian C. Cornell|
Queens, New York, United States
|Net Worth:||$80 million|
|Last Updated:||December, 2020|
American business executive Brian Cornell is best known as the Chief Executive Officer (CEO) and Chairman of the big mass-market company Target Corporation.
Brian Cornell’s Early Life
Brian C. Cornell was born in Queens, New York, United States in 1958. He grew up without a father figure in his life starting from when he was six years old, and had just his mother who lived on welfare due to a heart disease. Due to this predicament, he was mostly raised by his mother’s parents.
He attended the University of California, Los Angeles (UCLA), graduating in 1981. He then attended the UC University of California, Los Angeles Anderson School of Management in 1991.
Brian Cornell’s Career
From 2004 to 2007, Cornell served as the Executive Vice President and the Chief Marketing Officer of Safeway Inc. From 2007 to 2009, he served as the Chief Executive Officer of Michaels. He moved on to Sam’s Club where he served as Chief Executive Officer for three years from 2009 to 2012. From 2012 to 2014, he served as Chief Executive Officer of the subsidiary of PepsiCo, PepsiCo Americas Foods.
He served on OfficeMax Board of Directors of from 2004 to 2007 and on the Board of Directors of The Home Depot from 2008 to 2009.
Cornell has served on the Board of Directors of Polaris Industries and Centerplate. He has also served on the Board of Directors of the Yum! Brands since September 2015. He is the chairman of the Retail Industry Leaders Association board, where he has served on since 2015.
Presently, He serves on the Board of Directors for Catalyst and the Museum Council for the Smithsonian’s National Museum of African American History and Culture. He also serves on the Board of Visitors of the University of California, Los Angeles Anderson School of Management.
On August 12, 2014, Brian Cornell replaced Gregg Steinhafel as the Chief Executive Officer and Chairman of Target Corporation. His style of leadership is at once hands-on and data-driven. During his tenure, Brian has shut down the loss-causing Canadian presence known as “Target Canada” owing to threats by staff forming a union (previously owned by Zellers). Cornell has hired several outsiders to update the corporate tradition. He occasionally visits Target stores and questions guests about their shopping experiences.
The Target Corporation is a big mass-market company that was founded on 24 June 1902. The market company controls its operations from Minneapolis, Minnesota, United States. The company was initially founded as Goodfellow Dry Good. It operates through several subsidiaries named Target Enterprise, Target Brands, Target Capital Corporation, and Target General Merchandise.
As of October 2020, the company has a team of slightly over 360,000 employees, and has stores situated in over 1868 locations. The service allows people to make orders of merchandise online. They will receive their orders on parking spots through team members of Target. In 2017, the company purchased Shipt for $550 million. In 2019, the company’s revenue was $75,356, and in the same year, their net income was $2,937. In August 2019, the company announced it was partnering with the Walt Disney Company in Target locations.
Target stores are designed around 135,000 feet. They are based on big-box architectural design. In 2006, the company launched a new fresh. On 15 June 2015, the company’s pharmacy and clinic business were procured by CVS Health for nearly $2 million. The company owns various private brands like Embark, Room Essentials, Archer Farms, Market Pantry, Sutton & Dodge, Threshold, Good & Gather, Balanced, Up & Up. The company’s distribution centers are situated in 39 distribution centers in America.
Awards & Achievements
Under the leadership of Brian Cornell as the Chief Executive Officer and Chairman of the big mass-market company Target Corporation, the firm has been recognized by several awards. It has been declared as the Most Ethical Company in the World by Ethisphere Institute. Forbes also ranked the company second place on its list of Most Admired Companies in the World. Additionally, Target was included in Top 50 Companies for Diversity by Diversity. The company has been well recognized and declared leader in areas like innovation, inclusion, and diversity.
Personally, Brian was named as the Business Chief Executive Officer of the year by CNN in 2019.
Personal Life & Family
Brian Cornell is married to Martha Cornell. They have two children together.
Brian Cornell Net Worth
In a typical strong year, Brian Cornell can earn up to $18-20 million as salary. He is the current chairman and Chief Executive Officer of the Target Corporation and as of today, he owns more than 295,000 shares of Target, approximately valued at $75 million. He is reported to have sold an estimated $15 million worth of shares throughout his time at Target.
Brian Cornell net worth is $80 million. He is currently active at Target Corporation as the company’s chairman and CEO, and looking at the salary he carts away with as well as the amount of shares he owns in the big mass-market company, his fortune may continue to rise as the years go by.