Former CEO of 7-Eleven joins Target board
Target Corp. has elected a convenience store veteran to its board.
The discounter has elected Joe DePinto, former president and CEO of 7-Eleven Inc., to its board of directors. Target said the appointment is another step it is taking to accelerate its enterprise strategy and fuel new growth under CEO Michael Fiddelke.
DePinto brings more than three decades of leadership experience across retail and consumer products, having led the world's largest convenience retailer through significant expansion, digital innovation and evolving consumer preferences. During his tenure, 7-Eleven accelerated investments in omnichannel capabilities, loyalty programs and fresh food offerings while growing its store footprint and strengthening its position as a leading convenience retailer.
"At Target, we're leading with merchandising authority, elevating the guest experience, accelerating technology and strengthening our team and communities to pave a new path of growth," said Fiddelke. "Joe has spent his career relentlessly focused on the customer, empowering teams and delivering operational excellence. His perspective and experience in retail, with a particular emphasis in food and digital commerce, will be a tremendous asset to our board as we continue building momentum against our strategy."
DePinto has also held leadership roles at PepsiCo and GameStop and brings public company governance expertise from boards including Brinker International, Jo-Ann Stores and OfficeMax.
"We're continually focused on ensuring the Board brings together the expertise and perspectives that align with the company's strategic priorities," added Christine Leahy, lead independent director of Target's board. "Joe's extensive experience leading growth and omnichannel innovation across retail and consumer businesses will be a valuable addition to our board as we help guide Target's long-term success."
Target shareholders reelected all 12 nominated members of the board at the company’s annual general meeting on June 10. They rejected a proposal to separate the roles of board chair and executive leadership, with the outcome allowing former CEO Brian Cornell to continue as executive chair. Cornell assumed role after handing over the reins to Fiddelke in February.
